Budget 2026 Expected to Address Tax Reforms, Joint Filing, and Foreign Firm Taxation

Ahead of Budget 2026, experts suggest reforms to simplify tax processes, including modernizing the Capital Gains Account Scheme with online integration and expanding bank access. Discussions also focus on the potential phasing out of the old tax regime as more taxpayers shift to the new system with lower rates. Proposals include introducing joint taxation for married couples to address equity concerns. Additionally, clarifications on taxing foreign firms’ data centres and remote employees in India are expected, amid rising unrealised tax demands and ongoing litigation challenges.