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GST summons? Don't panic. Section 70 proceedings are judicial, so every statement counts. Escalate fast, submit only verified documents and read before you sign. An SOP replaces panic with process.

#GST #GSTCompliance #BridgeMark
September 23, 2026 at 5:33 AM
freemanalmieda.bsky.social
🏡 UAE expands VAT refunds for citizens building new homes from 2026.

New eligible expenses include smart home systems, security systems, pools, landscaping, staff accommodation, and home gyms. Average savings are estimated at AED 25,000 per claim.

#UAE #VAT #TaxRefund #RealEstate #BridgeMark
June 11, 2026 at 4:22 AM
freemanalmieda.bsky.social
Buying property for ₹50 lakh or more? 🏠

Don't overlook the 1% TDS requirement under Section 194-IA. Deduct TDS, file Form 26QB, and issue Form 16B on time to stay compliant and avoid penalties.

#IncomeTax #TDS #PropertyPurchase #TaxCompliance #BridgeMark
June 10, 2026 at 5:06 AM
freemanalmieda.bsky.social
Company paying residential rent above ₹50,000/month?
TDS = 10% under Section 194I
2% applies only to Individuals/HUFs
Tenant type matters, not property type.

#TDS #IncomeTax #TaxUpdates #BridgeMark
May 29, 2026 at 4:57 AM
freemanalmieda.bsky.social
Wrong PAN mapping, duplicate AIS entries & reporting mismatches may lead to defective ITRs and delayed refunds. Verify your AIS carefully before filing AY 2026–27 returns.
#ITR #AIS #TaxUpdate #IndiaTax #BridgeMark
May 28, 2026 at 4:31 AM
freemanalmieda.bsky.social
Filing your first ITR this year?
Keep AIS, Form 26AS, Form 16, bank statements & investment proofs ready to avoid tax notices and refund delays.

#ITR #IncomeTax #TaxFiling #IndiaTax #BridgeMark
May 26, 2026 at 4:49 AM
freemanalmieda.bsky.social
Filing your ITR too early for AY 2026-27? Experts suggest waiting till June 15 to avoid AIS, TDS & Form 16 mismatches. Verify all tax details before submitting your return for smoother processing.

#ITR2026 #IncomeTax #TaxUpdates #TaxCompliance #Bridgemark
May 25, 2026 at 4:41 AM
freemanalmieda.bsky.social
A salary hike does not always mean higher take home pay. Changes in tax structure, deductions and EPF contribution can impact your in hand salary. Comparing old and new tax regimes before choosing can help maximize savings.

#TaxPlanning #SalaryHike #IncomeTax #BridgeMark
May 20, 2026 at 4:46 AM
freemanalmieda.bsky.social
PFRDA introduces new Retirement Income Schemes (RIS) and flexible drawdown options under NPS, giving subscribers better retirement flexibility and payout choices. The regulator also eased annuity surrender rules in select cases.

#PFRDA #NPS #RetirementPlanning #FinanceNews #BridgeMark
May 19, 2026 at 4:37 AM
freemanalmieda.bsky.social
From 1 April 2026, TDS on commission/brokerage will shift from Section 194H to Section 393 under the Income-tax Act, 2025.

TDS rate and threshold remain unchanged at 2% and ₹20,000.

#TDS #IncomeTax #TaxUpdates #Finance #BridgeMark
May 18, 2026 at 4:20 AM
freemanalmieda.bsky.social
Have you started filing your ITR for AY 2026–27 yet?

The Income Tax Department has enabled online filing for ITR 1 and ITR 4 forms. Filing early helps avoid last minute stress and speeds up refunds.

Deadline for most taxpayers: July 31, 2026

#ITR #IncomeTax #TaxFiling #India #BridgeMark
May 16, 2026 at 4:26 AM
freemanalmieda.bsky.social
GSTAT introduces 3 tier GST appeal categorisation, bench wise allocations and structured scrutiny across India to improve faster dispute resolution and consistency in GST litigation.

#GSTAT #GSTIndia #TaxUpdates #IndirectTax #BridgeMark
May 15, 2026 at 5:06 AM
freemanalmieda.bsky.social
Social media rumours are misleading. NRIs are not required to obtain a Tax Clearance Certificate before leaving India unless specific tax related conditions apply. The existing provisions under the Income Tax Act continue in the new legislation as well.

#NRI#IncomeTax #IndiaTax#TaxUpdate#BridgeMark
May 14, 2026 at 5:00 AM
freemanalmieda.bsky.social
TDS & TCS restructuring under the Income Tax Act, 2025 (FY 2026-27) updates Sections 192, 194Q, 206C and forms 24Q, 26Q & 27EQ.

✔️ Simplified compliance
✔️ Better reporting
✔️ System updates required

#TDS #TCS #IncomeTax #TaxUpdates #BridgeMark
May 13, 2026 at 5:12 AM
freemanalmieda.bsky.social
India’s economy is growing strongly, but rising costs&global risks are creating pressure.Businesses are focusing more on efficiency&cost control to stay stable during this growth with caution phase.
#Inflation #Economy2026 #BridgeMark
READ MORE AT: -
www.worldbank.org/en/news/pres...
India Remains Among the Fastest-Growing Economies Even As Growth Slows Amid Middle East Conflict; Outlook Vulnerable to Risks and Uncertainty
Growth in India is projected at 6.6 percent in FY27, as higher energy prices caused by the Middle East conflict and supply chain disruptions weigh on economic activity. But even with the slowdown, Ind...
www.worldbank.org
April 27, 2026 at 5:35 AM
freemanalmieda.bsky.social
FY2025–26ITR filing is now more automated with expanded AIS pre-filled data.With deeper PAN-linked data checks&faster processing, any mismatch can trigger instant notices,so accurate filing is crucial.
#IncomeTaxReturn #AIS #TDS #Bridgemark

READ MORE AT:-
www.business-standard.com/finance/pers...
www.business-standard.com
April 17, 2026 at 10:08 AM
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Delhi High Court: Ignorance of Tax Law Not a Valid Excuse for Late ITR Filing:-

The Delhi High Court held that ignorance of tax law is no valid excuse for delayed ITR filing.
#IncomeTaxReturn #DelhiHighCourt #Bridgemark

READ MORE AT:-
timesofindia.indiatimes.com/articleshow/...
Delhi High Court: Ignorance of tax laws no excuse! Missed filing ITR on time? Why Delhi High Court refused to condone delay in this case - The Times of India
News News: In a significant ruling on the scope of condonation powers under the Income Tax Act, the Delhi High Court has held that ignorance of tax laws, lack of.
timesofindia.indiatimes.com
April 16, 2026 at 5:43 AM
freemanalmieda.bsky.social
From FY 2026–27, the Income Tax Department will require presumptive taxpayers to disclose bank balances and investments to verify income and prevent misuse.
#IncomeTaxDepartment #FinancialAssets #Bridgemark
Read more at:
economictimes.indiatimes.com/news/economy...
Income Tax Dept tightens disclosure norms under presumptive taxation scheme
Starting from the assessment year 2026-27, a new mandate will compel taxpayers utilizing the presumptive taxation system to reveal their bank balances and investments. This initiative by the Income-Ta...
economictimes.indiatimes.com
April 15, 2026 at 6:25 AM
freemanalmieda.bsky.social
This is the official Income Tax Department portal for all TDS-related services. You can use it to download Form 16/16A, check TDS credits, and make corrections online.

#TDS #DigitalTaxSystem #Fasterrefunds #Bridgemark

READ MORE AT:-
economictimes.indiatimes.com/wealth/tax/n...
New TDS TRACES 2.0 portal launched by Income Tax Department; know how it helps taxpayers & property buyers - The Economic Times
The Income Tax Department has launched the new TRACES 2.0 portal, replacing the old system with an upgraded, user-friendly interface for streamlined TDS compliance. This platform centralizes Form 26AS...
economictimes.indiatimes.com
April 14, 2026 at 5:32 AM
freemanalmieda.bsky.social
The Delhi High Court is deciding if partner bonuses should be taxed separately or not.Tax recovery is stayed, and the Central Board of Direct Taxes must clarify the rule.

#PartnershipFirms #CBDT #GSTandTax #CentralBoard #Bridgemark

READ MORE AT:-
economictimes.indiatimes.com/news/economy...
Delhi High Court asks CBDT to clarify tax on partners’ bonuses, stays recovery
Tax authorities nationwide are demanding taxes on partner bonuses and performance pay. Professional firms argue this income is already taxed. Delhi HC has intervened, directing the Central Board of Direct Taxes to issue a clarification. This issue could impact many partners across India.
economictimes.indiatimes.com
April 10, 2026 at 5:29 AM
freemanalmieda.bsky.social
ITR Update After Notice:-

Under Budget 2026, taxpayers can now file an updated ITR (ITR-U) even after receiving a notice, by paying additional tax. This aims to encourage voluntary compliance and reduce litigation.
#UpdatedITR #Budget2026 #Bridgemark

Read more at:-
cleartax.in/s/itr-u-upda...
ITR U – What is ITR-U Form and How to File ITR-U?
What is ITR-U and How to file ITR-U? The income tax department notifies Form ITR U for filing the ‘Updated’ income tax return. This allows the taxpayers to update their ITRs within two years of filing, on payment of additional taxes, in case of errors or omissions.
cleartax.in
April 9, 2026 at 5:54 AM
freemanalmieda.bsky.social
Major Changes in TDS from April 2026:-
New tax rules from April 1, 2026: TDS/TCS updated, motor vehicle interest exempt, simpler TDS process for small taxpayers, manpower supply TDS clarified.
#NRIproperty #taxation #TDS #TCS #Bridgemark

Read more at:-
economictimes.indiatimes.com/wealth/tax/s...
Six big TDS & TCS changes for Tax Year 2026-27: From TDS on NRI property to TCS on overseas remittance for education, know all that has changed - The Economic Times
From TDS on NRI property to TCS on overseas remittance for education, six key changes for Tax Year 2026-27
economictimes.indiatimes.com
April 8, 2026 at 5:43 AM
freemanalmieda.bsky.social
In FY26, India registered a record 2.47 lakh companies and 86,476 LLPs, driven by supportive policies and investor confidence. Growth dipped in March but remained overall positive.
#LLP #Yearend #businessgrowth #Bridgemark

Read more at:
economictimes.indiatimes.com/news/economy...
Record run for Co, LLP floats in FY26 despite a bump in March
India achieved record company and Limited Liability Partnership registrations in the fiscal year 2025-26. This surge reflects strong investor confidence and government efforts to improve ease of doing...
economictimes.indiatimes.com
April 6, 2026 at 7:37 AM
freemanalmieda.bsky.social
Government To Reassess FY27 Indirect Tax Math; FY26 GST Collections Beat Targets :-

Goods and Services Tax collections have exceeded revised estimates, with CGST alone achieving 100.8% of its target.

#GST #IndirectTax #EconomicGrowth #FiscalPolicy #Bridgemark

www.ndtvprofit.com/economy/gove...
www.ndtvprofit.com
April 4, 2026 at 8:27 AM
freemanalmieda.bsky.social
India’s GST collections closed the fiscal year on a strong note #Growth,crossing ₹2 lakh Cr in March,driven largely by import-related revenues and robust #GST consumption #Economy. #Bridgemark.
economictimes.indiatimes.com/news/economy...
Despite rate reset, GST collection rises on strong consumption
India's Goods and Services Tax collections ended the fiscal year strongly. March collections surpassed two lakh crore rupees for the third time. This indicates robust consumption despite rate reductio...
economictimes.indiatimes.com
April 2, 2026 at 11:36 AM