by Team SKM | Aug 7, 2025 | Income tax, News
The Income Tax Department has introduced critical changes to Clause 22 of Form 3CD for the ongoing tax audit season, focusing on timely payments to MSMEs (Micro, Small, and Medium Enterprises). Business entities undergoing audit under Section 44AB must now report both...
by Team SKM | Jul 25, 2025 | Companies Act 2013, News
In a significant move to enhance transparency and curb fraudulent practices, the Ministry of Corporate Affairs (MCA) has issued a new compliance requirement for One Person Companies (OPCs) and Small Companies filing their Annual Return (Form MGT-7A) on the V3 Portal....
by Team SKM | Jul 10, 2025 | Income tax, News
In a significant move aimed at enhancing digital security and taxpayer verification, the Income Tax Department of India has made Aadhaar OTP verification mandatory for e-filing on the income tax portal. This new directive applies to individuals filing Income Tax...
by Team SKM | Jun 26, 2025 | News
The Union Cabinet has approved the establishment of the South Asia Regional Centre (CSARC) of the International Potato Center (CIP) in Singna, Agra, with an investment of ₹111 crore. The decision, chaired by Prime Minister Narendra Modi, aims to strengthen India’s...
by Team SKM | Jun 18, 2025 | News
New Delhi, June 2025:Union Road Transport Minister Nitin Gadkari has announced a game-changing plan to overhaul India’s highway tolling system — a FASTag subscription pass worth ₹3000, offering 200 toll-free trips annually on national highways. The move is being...
by Team SKM | Jun 12, 2025 | Companies Act 2013, News
The Ministry of Corporate Affairs (MCA) has rolled out a series of critical updates to several statutory compliance forms—specifically the ADT-1, ADT-2, ADT-3 and ADT-4 and MGT-7 and MGT-7A. These updates are aimed at enhancing audit transparency, improving data...
