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 Ripple Effect: Unleashing the Power of Small Acts of Kindness"

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Have you ever been having a terrible day and then had someone do something kind for you that turned everything around? That's the power of small acts of kindness.

I remember a time when I was feeling really down, and a stranger on the street gave me a compliment that made me feel like a million bucks. It was such a small thing, but it had a huge impact on my day.

It's easy to get caught up in our own problems and forget that everyone else is going through something too. That's why it's so important to show kindness to others, even in small ways. You never know what someone else is going through, and your small act of kindness could be the thing that makes their day a little bit better.

So, whether it's giving someone a compliment, holding the door open for someone, or simply smiling at a stranger, try to do something kind for someone today. It might seem like a small thing, but it could make a big difference in someone's life.


Source - Pixabay


Thank you for reading!

Sai Talluri,

The power of Small Acts of Kindness



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