by Team SKM | Oct 25, 2025 | Updates
Team SKM, Starting November 1, 2025, the amended provisions of the Banking Laws (Amendment) Act, 2025 will come into effect, bringing landmark reforms in how banking nominations are managed across India. These changes give depositors far greater control...
by Team SKM | Oct 11, 2025 | Updates
Team SKM, India and the UK have sealed a landmark trade pact that could reshape how India does business with the West. Finalized in July 2025 and set to take effect by July 2026, the Comprehensive Economic and Trade Agreement (CETA) promises to boost exports, open new...
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,...
