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 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 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...
by Team SKM | Sep 11, 2025 | Updates
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...
by Team SKM | Sep 9, 2025 | Updates
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...
