by Team SKM | Sep 30, 2025 | Updates
Tax rebates under Section 87A have always been a relief for small taxpayers. They ensure that resident individuals with modest incomes don’t have to pay income tax if their income falls within the prescribed threshold. But in recent months, confusion has emerged among...
by Team SKM | Sep 26, 2025 | Income tax, News
Team SKM,Find out who needs to file an Income Tax Audit Report for AY 2025-26. Learn about turnover limits, due dates, penalties, presumptive taxation rules, and key changes in Form 3CD. Income Tax Audit Report AY 2025-26: Complete Guide As the tax filing season...
by Team SKM | Sep 16, 2025 | Updates
Team SKM, What is a Belated Return? A Belated Return, governed by Section 139(4) of the Income Tax Act, is an ITR filed after the original due date but before December 31 of the Relevant assessment year. For FY 2024-25 (AY 2025-26): Original due date: September 16,...
by Team SKM | Sep 13, 2025 | ITR, News
Team SKM, The Income Tax Return (ITR) deadline of September 15, 2025, is almost here, and taxpayers are being urged to act quickly. Filing ITR is not only a compliance requirement but also a way to protect your financial future. While timely filing offers multiple...
by Team SKM | Sep 11, 2025 | Updates
Team SKM, The Indian government has introduced a major move to encourage domestic tourism by lowering the GST on hotel rooms priced at ₹7,500 or less. Previously, these rooms attracted a 12% GST with ITC claim but now the rate has been cut to just 5%, although without...
