by Team SKM | May 5, 2025 | ITR, News
The Central Board of Direct Taxes (CBDT), on May 1, 2025, officially announced the release of the updated Income Tax Return Form ITR-5 for the Assessment Year 2025–26. This latest version of the form includes several important modifications that align with the changes...
by Team SKM | May 5, 2025 | Updates
India is steadily making its mark on the global financial map, and at the center of this transformation is GIFT City (Gujarat International Finance Tec-City). Located between Ahmedabad and Gandhinagar, GIFT City is India’s first operational smart city and...
by Team SKM | May 2, 2025 | ITR, News
The Income Tax Department has released ITR Forms 1 and 4 for AY 2025–26. The last date to file returns for FY 2024–25 is July 31, 2025. ITR-1 is for resident individuals with income up to ₹50 lakh from salary, one house property, and other sources. ITR-4 is for...
by Team SKM | May 1, 2025 | News
GST revenue reached an all-time high of ₹2.37 lakh crore in April, marking a 12.6% year-on-year increase, according to official government data released on Thursday. This surpasses the previous second-highest collection of ₹2.10 lakh crore recorded in April 2024,...
by Team SKM | May 1, 2025 | Updates
In today’s fast-paced world, where legal disputes, inheritance confusion, and tax burdens are common, high-net-worth individuals (HNIs) and families are turning to one powerful tool for long-term security: the Private Discretionary Trust. But what exactly is it? And...
