Cyclone Fengal has caused severe flooding in Tamil Nadu and Puducherry, leading to a year’s worth of rainfall in just 36 hours. The impact has been significant, with areas like Chennai struggling to recover. Schools in affected districts have been closed, and precautionary measures have been taken to ensure the safety of residents.
Full Article
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....
Read more