SKMC Global

On May 6, 2025, India and the UK finalized an ambitious Free Trade Agreement and a Double Taxation Avoidance Convention, with Prime Minister Narendra Modi stating that these landmark deals will boost trade, investment, economic growth, and job creation in both countries."



Here's an overview of Free Trade agreement:

To eliminate or reduce tariffs on key goods traded between India and the UK.

1. Expected to boost bilateral trade currently valued at over £36 billion annually.

2. Greater market access for Indian textile, pharmaceutical, and agricultural products in the UK.

3. Reduced tariffs for UK exports like automobiles, Scotch whisky, and financial services entering India.

4. Provisions for easier movement of skilled professionals and streamlined visa processes.

5. Stronger intellectual property protection and digital trade frameworks.

6. Promotes sustainable trade and green technology cooperation.

7. Enhances cooperation in services sectors like IT, legal, education, and healthcare.

2 days ago | [YT] | 2

SKMC Global

𝐇𝐚𝐩𝐩𝐲 𝐖𝐨𝐫𝐥𝐝 𝐏𝐫𝐞𝐬𝐬 𝐅𝐫𝐞𝐞𝐝𝐨𝐦 𝐃𝐚𝐲!

On this World Press Freedom Day, we reaffirm our commitment to the core values of transparency, accountability, and the rule of law — principles that also guide our legal and compliance services.

#WorldPressFreedomDay #PressFreedom #FreedomOfExpression #JournalismMatters #FreePress #MediaFreedom #DefendPressFreedom #TruthMatters #SupportJournalists #FreedomOfSpeech #IndependentMedia #PressRights #DemocracyDiesInDarkness #JournalistsUnderThreat #GlobalPressFreedom #ProtectThePress #SpeakTruthToPower #StandWithJournalists #InformationIsPower #HumanRights #skmcglobal

6 days ago | [YT] | 1

SKMC Global

In a recent judgment dated May 1, 2025, the Madras High Court decided in favour of the Revenue in the Vetrivel Minerals case, concluding that income tax assessment proceedings are not strictly subject to the technical rules of evidence under the Indian Evidence Act, 1872, and the Bharatiya Sakshya Adhiniyam, 2023 (BSA).



Key Highlights:
-Case Citation: TS-487-HC-2025(MAD)

-Parties Involved: Vetrivel Minerals (Assessee)

-Court's Decision: In favor of the Revenue

Legal Principle: Technical rules of evidence under the Indian Evidence Act and BSA are inapplicable to income tax assessment proceedings.



The court emphasized that assessment proceedings under the Income Tax Act are quasi-judicial in nature and not bound by the strict technical rules of evidence applicable in regular judicial proceedings. This allows Assessing Officers to consider materials and evidence that may not be admissible under the strict provisions of the Indian Evidence Act or the BSA.


This judgment underscores the principle that income tax assessments are governed by their own set of procedural rules, providing flexibility to tax authorities in evaluating evidence and materials during the assessment process.


#MadrasHighCourt #IncomeTaxAssessment #IndianEvidenceAct #BSA2023 #TaxLitigation #RevenueAppeal #LegalUpdate2025 #TaxCompliance #CharteredAccountants #CorporateLawIndia #AssessmentProceedings #FinanceLaw #TaxationUpdate #CAIndia #JudicialRuling #LegalAwareness #TaxProfessionals #IncomeTaxIndia #ComplianceMatters #TaxLawIndia #skmcglobal

1 week ago | [YT] | 0

SKMC Global

On this special day, SKMC Global Firm extends heartfelt wishes to all the hardworking individuals whose dedication powers progress and growth across industries.

As a trusted provider of labour law compliance services and more, we stand in solidarity with the workforce and remain committed to supporting organisations in building fair, safe, and compliant workplaces.

Here’s to the strength, dignity, and resilience of labour everywhere.


Happy Labour Day!

— Team SKMC Global


To read about Labour Law Compliance- www.skmcglobal.com/service/labour-law-compliances


#LabourDay2025 #InternationalWorkersDay #ThankYouWorkers #ComplianceMatters #ComplianceService #1may #FairWork #HardWorkPaysOff #SKMCGlobal #noida #india #globally

1 week ago | [YT] | 0

SKMC Global

A heartbreaking tragedy unfolded in the serene valley of Pahalgam, where innocent lives were lost in an act of senseless violence.

We stand in solidarity with the families of the victims and salute the resilience of the local communities and security forces.

🕊️ Let us not forget those who were taken too soon. May peace return to the valleys and may the memories of the lost be a reminder of our shared humanity.

#Pahalgam #Tribute #Peace #StandTogether #IndiaStrong #InRemembrance

2 weeks ago | [YT] | 1