by Team SKM | Mar 17, 2026 | Updates
Introduction From April 1, 2024, a major compliance rule has come into force under Section 43B(h) of the Income Tax Act. This provision directly impacts businesses that purchase goods or services from MSMEs. The core idea is simple but powerful: If you don’t pay MSMEs...
by Team SKM | Mar 16, 2026 | Updates
As the next financial year approaches, India’s direct tax framework is preparing for one of its most significant structural updates in decades. From April 1, 2026, the newly enacted Income-tax Act, 2025, will replace the long-standing Income-tax Act of 1961. The...
by Team SKM | Mar 14, 2026 | Updates
As the financial year approaches its closing weeks, another compliance issue has quietly emerged for the restaurant industry. The Income-Tax Department has reportedly sent communication to around 63,000 restaurants across India, asking them to review and correct their...
by Team SKM | Mar 13, 2026 | Updates
As the financial year moves toward its final days, many salaried individuals begin reviewing their tax-saving investments. Most people are familiar with the usual options, insurance policies, ELSS funds, PPF or home loan deductions under Section 80C. But there is one...
by Team SKM | Mar 12, 2026 | Updates
For many businesses, the moment a GST number is issued feels like the final step in the registration process. Once the certificate arrives, most entrepreneurs assume everything is settled and they can move on to regular operations. But there is a small follow-up step...
by Team SKM | Mar 11, 2026 | Updates
As the financial year approaches its final weeks, many taxpayers find themselves reviewing income, checking deductions and making sure their tax payments are in order. Around this time, one date quietly becomes important – March 15, the deadline for the final...
