Section 194N Exemption for Foreign Representations: Key Highlights of the New Income-Tax Notification

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  On 28th November 2024 , the Ministry of Finance issued Notification No. 123/2024 , bringing clarity to the applicability of Section 194N of the Income-tax Act, 1961. The notification exempts specified foreign representations from the provisions of this section, reinforcing India's commitment to international diplomatic norms and global cooperation. Effective from 1st December 2024 , this move comes after due consultation with the Reserve Bank of India (RBI) and aligns with international protocols such as the Vienna Convention and the United Nations Privileges and Immunities Act . Understanding Section 194N of the Income-tax Act Section 194N mandates tax deduction at source (TDS) on cash withdrawals exceeding ₹1 crore in a financial year . The provision applies to withdrawals from banks, co-operative banks, and post offices, aiming to curb cash usage and promote digital transactions. Fifth Proviso to Section 194N The fifth proviso grants the Central Government the authority ...
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"The Curse of the Enchanted Forest"

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"Disclaimer: The following story is a work of fiction"

Intro 

"In the heart of a dense forest, nestled between towering trees and winding streams, lay a small village cursed by a powerful sorceress. The villagers lived in constant fear, trapped by the spell that had been cast upon them. But one young woman, Lyra, refused to give up. She was determined to break the curse and restore peace to her people. Her journey through the forest would be filled with danger and adventure, but she was determined to succeed."




Part 1: The Quest Begins

Lyra was a curious and adventurous young woman with a fiery spirit that matched her auburn hair. She wore a simple, flowing dress that was adorned with intricate embroidery, and her piercing green eyes sparkled with a sense of wonder and determination. Living in a small village surrounded by a mystical aura, Lyra knew there was more to the world beyond the forest.

One day, she stumbled upon an ancient tome that spoke of a wicked sorceress who had cast a malevolent spell over the land. Unwilling to let her village be held captive any longer, Lyra set off on a quest to break the curse and discover the secrets of the world beyond



Part 2: The Enchanted Forest

As Lyra walked through the dense forest, she could hear the chirping of birds and the rustling of leaves. The air was filled with the fragrance of wildflowers and the earthy scent of the forest. She could feel the warm sun on her face and the cool breeze on her skin. The forest was alive with enchanted creatures and magical plants, each more mysterious than the last. But she refused to be deterred and pressed on, determined to uncover the secrets of the sorceress's magic.



Part 3: The Towering Tree

As she walked, Lyra came across a clearing in the forest. In the center of the clearing stood a towering tree, its branches reaching high into the sky. The tree was unlike any other she had seen before, with leaves that glimmered in the sunlight. Lyra felt drawn to the tree as if it held some sort of secret that she needed to uncover.


Part 4: The Sorceress's Shadow

As she approached the tree, Lyra noticed something strange. The leaves on the branches seemed to be moving as if they were alive. She reached out to touch one of the leaves, but as her fingers brushed against it, she felt a sudden jolt of energy. It was as if the tree was alive, and it didn't want her there.



Lyra took a step back, but she didn't give up. She began to circle the tree, looking for any sign of a hidden entrance or secret passage. As she circled the tree, she suddenly felt a chill run down her spine. She turned to see a shadowy figure emerging from the trees behind her. It was the sorceress, and she was not happy to see Lyra there.



Part 5: The Final Confrontation

Lyra knew that she was in trouble, but she refused to back down. She stood her ground, determined to find a way to break the sorceress's spell once and for all. She reached into her bag and pulled out a small vial of liquid that she had collected on her journey. She had no idea what it was, but she knew that it had the power to break the spell.



The sorceress laughed at Lyra's feeble attempt to stop her, but as Lyra poured the liquid onto the ground, a bright light began to fill the clearing. The sorceress screamed as the light consumed her, and Lyra watched as the curse that had befallen her village was lifted.


Part 6: Triumph

As Lyra made her way back to her village, she knew that she had accomplished something great. She had broken the sorceress's spell and freed her people from a life of fear and despair. Her journey through the forest had been filled with danger and adventure, but she had come out victorious. She couldn't wait to see what adventures lay ahead for her in the future, but for now, she was content to bask in the glory of her triumph.



Thank you for reading!

Sai Talluri (Sai Talk's)

Also, read my latest Blog on Wayanad and Yelagiri

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