Rahul Mamkootathil led a victory rally in Palakkad after winning the Palakkad Assembly constituency seat, with the UDF retaining Palakkad by a record margin of 18,840 votes. The LDF also defended Chelakkara by 12,201 votes, with Congress’s Mamkootathil polling 58,389 votes in Palakkad and U.R. Pradeep of the CPI(M) winning in Chelakkara. The elections were marked by controversies, mudslinging, and high-level defections, with the Left retaining its stronghold in Chelakkara for the seventh consecutive time.
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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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