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

Serendipitous Rain: A Captivating Love Story

-

 Introduction:

The transition from 12th standard to university marks the beginning of a new chapter in one's life. For me, it was a journey that led me to encounter a girl who would captivate my heart in ways I never thought possible. As the rain poured down on the first day of university, fate unfolded a tale that would make even the most skeptical believe in the magic of love.

Part 1: The Rainy Encounter



The Unexpected Downpour:

As I rode my bike towards the university, raindrops began to fall from the sky, forming a symphony on the ground. Amidst the downpour, I noticed a girl waiting at the bus stop, wearing a light blue dress adorned with delicate white designs. The dress accentuated her fair complexion, making her appear ethereal. Her eyes like a moon surrounded by kajal, adding to her allure.





Mesmerized by Beauty:

Her presence was magnetic, drawing me closer like a moth to a flame. I parked my bike and made my way towards the bus stop, unable to resist the enchantment that emanated from her. The fragrance of her perfume permeated the air, overpowering the scent of the rain-kissed earth. The raindrops transformed into a melodic orchestra, enhancing the ambiance of this enchanting moment.



Part 2: A Serendipitous Journey



The Captivating Bus Ride:

As the bus arrived with a whistle from the conductor, I awakened from my reverie. Swiftly, the girl stepped onto the bus, and without a second thought, I followed suit. The bus ride seemed to last only a few minutes, but in my heart, it felt like an eternity. Every second was spent stealing glances at her. Her hair danced in the breeze, and as she adjusted it, it created a sweet melody that resonated within me.


Part 3: Romantic Encounters



The Blossoming Friendship:

As days turned into weeks, our encounters became more frequent. We found ourselves exploring the campus together, sharing laughter and heartfelt conversations. The beautiful moments we spent in the serene garden, surrounded by blooming flowers, became the backdrop for our budding friendship.



Jealous Whispers of the Heart:

As our bond grew stronger, emotions started to stir within me. I couldn't help but feel a tinge of jealousy whenever she spoke to other boys. Nail-biting and a fiery gaze became my silent expressions of longing. Little did I know that these emotions were the blossoming seeds of love.

Part 4: A Proposal in the Rain



Embracing Vulnerability:

Amidst the torrential rain, I mustered the courage to confess my feelings. In a cozy restaurant adorned with candlelight, I poured my heart out. Her eyes sparkled with surprise and tenderness, and at that moment, I knew she felt the same. Our hearts danced to the rhythm of the rain as we embraced vulnerability, sealing our love with a promise.


Part 5: Trials and Eternal Love



Navigating Storms:

Our love faced trials and challenges along the way, testing the strength of our bond. But with each storm, we found solace in the warmth of our love. Just as the sun breaks through the clouds, our love grew stronger, nourished by understanding and forgiveness.


A Happily Ever After:

Through shared laughter, cherished memories, and endless support, our love flourished. We celebrated birthdays, shared meals, and created our own beautiful traditions. Our journey, filled with ups and downs, led us to a place where love overcame every obstacle. And as we walked hand in hand towards the horizon, we knew that our love story would continue to inspire and uplift us for a lifetime.



Part 6: Unexpected Encounters



Coffee Shop Serendipity:

Amidst our busy university schedules, we stumbled upon each other in a bustling coffee shop. The aroma of freshly brewed coffee filled the air, blending with the warmth of our connection. With each sip, our conversations became more intimate, deepening the bond between us.



Part 7: A Journey of Love



City Lights and Stolen Kisses:

As our love blossomed, we explored the city together. The twinkling lights illuminated our path, casting a romantic glow. Underneath a starry sky, we shared stolen kisses, cherishing each stolen moment as if time stood still.



Part 8: Forever and Always



A Promise for Eternity:

In a park adorned with colorful autumn leaves, we made a promise to be there for each other, come what may. With heartfelt vows, we sealed our commitment to a lifetime of love, trust, and unwavering support.



Epilogue: Love's Timeless Journey


As years passed, our love grew deeper and stronger. We faced joys and sorrows together, creating a tapestry of memories. Our love story became a testament to the enduring power of love, inspiring others to belief in the magic that can be found even in the most unexpected of encounters.



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