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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,...

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...

Team SKM, The government’s recent GST rationalization has restructured tax slabs across multiple industries, aiming to simplify compliance and boost consumption. The impact of these changes is particularly visible in FMCG, healthcare, and consumer electronics. The...

Team SKM, As the Income Tax Return (ITR) deadline approaches, many taxpayers face a common dilemma: “Should I file my ITR myself and save on a professional’s fee, or hire a Chartered Accountant (CA)?” While the do-it-yourself (DIY) route looks tempting, it often turns...

Team, SKM The announcement of zero GST on life insurance premiums has created quite a buzz. It sounds like a sweeping relief for policyholders, but the actual impact depends on the type of policy you have. While the change is positive, the savings are not equal across...

टीम एस. के. एम जीएसटी 2.0 बनाम वर्तमान व्यवस्था: अर्थव्यवस्था पर संभावित प्रभाव क्षेत्र/कारकजीएसटी 2.0 से पहले (वर्तमान व्यवस्था)जीएसटी 2.0 के बाद (प्रस्तावित सुधार)जीडीपी ग्रोथ पर असरखपत (Consumption)कई चीज़ें महँगी → मांग दबाव मेंटैक्स स्लैब घटने से FMCG व रोज़मर्रा...

टीम एस. के. एम. होमलैंड अधिसूचना 26 अगस्त 2025 को अमेरिकी होमलैंड सिक्योरिटी विभाग ने एक आधिकारिक अधिसूचना जारी की, जिसमें यह पुष्टि की गई कि भारतीय मूल के सामानों पर 50% आयात शुल्क लगाया जाएगा। यह आदेश 27 अगस्त 2025, सुबह 12:01 (EDT) से लागू हो गया।यह कदम राष्ट्रपति...

प्रधानमंत्री नरेंद्र मोदी की स्वतंत्रता दिवस पर जीएसटी सुधारों की अगली लहर की घोषणा ने देशभर में उत्साह और सतर्कता दोनों को जन्म दिया है। सबसे बड़ा वादा साफ है: दैनिक उपयोग की वस्तुएँ अब सस्ती होंगी एक सरल कर व्यवस्था के तहत। सरकार वर्तमान मल्टी-स्लैब जीएसटी संरचना को...

Filing your Income Tax Return (ITR) is more than a yearly obligation - it’s an opportunity to reflect on your financial discipline. Yet every year, many taxpayers, including salaried individuals, business owners, and even professionals, repeat the same avoidable...

As former U.S. President Donald Trump ramps up his protectionist trade campaign, a new 25% tariff on Indian imports has sent shockwaves through global markets. But while the focus has been on the damage - and rightly so - a quieter but equally important story is...