Iran’s supreme leader Ayatollah Ali Khamenei issued a warning of forceful retaliation against the United States if the Islamic republic is attacked, stating that any aggression would result in a strong counterattack. During a live speech, Khamenei emphasized the threats from the United States, cautioning that any hostile actions would be met with a robust response from Iran. The supreme leader’s remarks underscore the escalating tensions between the two countries, with Khamenei’s message serving as a clear deterrent against potential military intervention by the United States.
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Why many high-end luxury items are set to become costlier
Luxury Goods Attract 1% TCS Handbags, wrist watches, footwear, and sportswear priced above Rs 10 lakh will now incur a 1% tax collected at source (TCS), as detailed in an April 22, 2025 notification by the income tax department. This measure, introduced through the Finance Act 2024, aims to enhance transparency in high-value purchases, requiring PAN details at the time of sale, while the TCS paid can be credited against the buyer's final tax liability....
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