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

-
  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 ...
Post a Comment

"The Fragrance of Love: A School Love Story"

-

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

 Love is a powerful force that can take hold of us when we least expect it. It can turn our world upside down and make our hearts sing with joy. And when it happens amid school life, it can be both exhilarating and nerve-wracking. This is a story about a young love that blossomed in a school where a boy had been studying for a while, and a girl had just arrived as a new student. As you follow their journey, you will experience the ups and downs of their romance, the heartache of separation, and the joy of unexpected encounters. This story will take you on a rollercoaster ride of emotions, leaving you yearning for more, as you delve into the beautiful chaos of young love. So, fasten your seatbelts, hold on tight, and join me as we embark on this exhilarating ride through the twists and turns of a school love story.


Part 1: The Meeting

The boy's name was Aarav, and he had been a student of this school since kindergarten. He was known for his friendly nature and his love for cricket. The girl, on the other hand, was a new admission. she had just moved into the city with her family. Unfortunately, Aarav was absent on the first day of her school, so they didn't get to meet.

The next day, Aarav was on his way to school when he realized he was running late. He rushed towards the school gate, but the prayer had already begun. Aarav closed his eyes and started chanting the prayer. Suddenly, he felt someone standing beside him. He sensed their presence due to a beautiful perfume that he could smell. He was distracted by it but continued to pray.

Girl: Excuse me, do you know the way to the school office? Aarav: (Opens his eyes and looks at her) Oh, yeah. It's just over there (points in the direction of the office). Girl: Thank you so much.

Aarav was stunned by her beauty. She was wearing a neatly ironed light whit shirt and dark red skirt, with brown eyes that spoke volumes. Her kajal around her eyes, her neatly tied ponytail, and her light smile were enough to make Aarav's heart skip a beat.

After the prayer, the girl started walking inside the school, and Aarav followed her, hoping to find out which class she belonged to. To his disappointment, he found out that she was in a different section of the same grade. Aarav's heart sank as he realized he wouldn't be able to spend time with her in class.

He felt sad and defeated as he slowly turned around and walked back to his class. As he walked, he couldn't help but wonder why fate had brought this beautiful girl into his life only to keep her out of reach.


After reaching his class, Aarav felt disheartened as he asked for permission to enter the classroom. As he was about to enter, the same enchanting perfume he had noticed earlier reached his senses, and he turned to find that the girl had followed him into the classroom. To his surprise, she had mistakenly entered the wrong section earlier, and she apologized to the teacher for the error.

Teacher: Class, we have a new student joining us. Her name is Avni. Please make her feel welcome. Avni: (Smiling shyly) Hi, everyone. Aarav: (Whispers to himself) Avni, what a beautiful name.

As Aarav watched her, a sense of joy and happiness washed over him. When the teacher introduced Avni to the class, Aarav's heart fluttered with excitement, he couldn't help but repeat her name over and over again in his head like a mantra: "Avni, Avni." and he felt like he could hardly contain himself. Despite the class separating the girls and boys, Aarav couldn't resist stealing glances at Avni throughout the lesson.


Part 2: The Longing

Throughout the classes, Aarav kept checking on her, staring at her smile, eyes, and ponytail. Even though the room was cool, he was sweating and shivering, both at the same time. He was waiting eagerly for the break time to finally talk to her. However, just as he was about to go near her, the school attendant came and asked her to go to the principal's office. Aarav spent the entire break time staring at the door and the seat where the girl had sat, hoping for her return. However, his wait was in vain, and the class started again.

Part 3: Foiled plans

During the lunch break, Aarav was eating his lunch, packed by his mom, which consisted of aloo paratha, pickle, and curd. He kept staring at Avni, who was surrounded by the other girls and their class teacher. He was desperate to talk to her and wondered how someone could be so beautiful.

He knew that he had to get to know her; she was the one. Aarav was in love and he knew it. Aarav planned to talk to Avni after school, but fate had other plans, on that day Avni's father came to pick her up since it was a new place, leaving Aarav heartbroken

Part 4: The Road Ahead

Despite the setback, Aarav remained hopeful and determined. He knew he had to make a move but was unsure how. Would he finally gather the courage to confess his love to Avni? Would she reciprocate his feelings? The road ahead was uncertain, but Aarav's love for Avni burned bright. Stay tuned for the next chapter of this beautiful love story.

Thank you for reading!
Sai Talluri ( Sai Talk's)
Feel free to share your thoughts in the comments below.


Comments

Post a Comment

Popular posts from this blog

Classification of Accrued Interest on Short-Term Fixed and Flexi Deposits under Ind AS

-
  Introduction In the financial world, companies regularly seek to optimize cash management through short-term deposits that are highly liquid, known as "cash equivalents." However, under the Indian Accounting Standards (Ind AS) framework, the classification of accrued interest on such deposits can create debate, particularly during the audit process. This blog explores how accrued interest on short-term fixed and flexi deposits should be classified under Ind AS, with insights from recent Expert Advisory Committee (EAC) opinions and Ind AS 7, the Statement of Cash Flows. The Scenario Sonu Limited, a company specializing in infrastructure projects, classifies its investments in Flexi Deposits and Fixed Deposits with a maturity of three months or less as "cash and cash equivalents" under its current accounting policies. This classification includes any accrued interest on these deposits. However, during the audit, the auditors raised concerns, suggesting that this tre...
Read more

"The Fragrance of Love: A Love Story of Clearing the Air"

-
Image
"The Misunderstanding" T he next day, Aarav arrives at school, filled with anticipation to finally speak to Avni. To break the ice, he slips a note into her book that simply reads, "Hi, this is Aarav." When Avni reads the note, she looks up and catches Aarav's eye, but she quickly looks away, leaving Aarav feeling rejected. Disheartened, Aarav couldn't believe that he had mustered the courage to write to Avni, only to be ignored. Little did he know that Avni had been preoccupied with schoolwork and had not even noticed the note. "An Unforgettable Encounter in the School Corrido r" During their lunch break, Aarav waits for Avni in the corridor outside their classroom. As Avni walks back from the restroom, she spots Aarav standing in front of the door, waiting for her. Their eyes meet, and at that moment, they both feel a spark. Aarav, with tousled dark hair, was dressed in his best clothes. He wore a sharp navy blue suit with a crisp white shirt a...
Read more

"Spreading Cheer: A Secret Santa Celebration"?

-
Image
Celebrating the Holidays with a Secret Santa Game The holiday season is here, and everyone is excited to celebrate with their loved ones. Our group of friends came up with the idea of playing "Secret Santa" on our way back from our trip to Wayanad. We were all eager to continue the fun and laughter that we experienced during our trip. The Return Journey  Preparing for the Game Our friends Swetha and Keerthana organized the game and wrote down the names of all the people in our group, including Venkat, Pavan, Chetna, Vedvyas, Jay Ganesh, Lakshmi Priya, Swetha, Vignesh, Sushmita, Keerthana, and Varsha. We each picked a chit without revealing the name on it to anyone else. Unfortunately, Keerthana and Vignesh were not with us when we picked the chits, as they had to leave for Mangalore for their audit. However, Swetha made sure to safely hand over the chits to them later. Introducing Some Amazing Personalities - Get to Know Them! " Meet Venkat (myself), a friendly and spon...
Read more