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  Finance Minister Nirmala Sitharaman on May 28 hinted at the possibility of the government reconsidering changes made to the income tax rules mandating payments to micro, small and medium enterprises (MSMEs) within 45 days, failing which companies will have to pay tax on the amount due. This mandate came into effect on April 1, 2024. She urged MSMEs to send representations on the same, adding that the government will "surely do something about it in the July Budget." Speaking at an event in Ludhiana, Punjab, Sitharaman said the changes mandating the 45-day payment window was introduced as per requests from MSMEs themselves. “The change in income tax Act did not come this year, it came in 2023, if you want to change it then when the new government comes in the July Budget something can be done depending on the representations that are submitted. But we have changed the income tax act as per requests from MSMEs themselves. Request was payment was not happening in 45 days. But ...

 Cairo: Israeli strikes on a tent camp in an evacuation area west of Rafah killed at least 21 on Tuesday, Gaza health authorities said, and tanks advanced to the centre of the southern Gaza city for the first time after a night of heavy bombardment. Two days after an Israeli airstrike on another camp stirred global condemnation, Gaza emergency services said four tank shells hit a cluster of tents in Al-Mawasi, a coastal area that Israel had advised civilians in Rafah to move to for safety. At least 12 of the dead were women, according to medical officials in the Hamas militant-run Palestinian enclave. An Israeli military spokesperson said: "As of this time, we are not aware of this incident." In central Rafah, tanks and armoured vehicles mounted with machineguns were spotted near Al-Awda mosque, witnesses told Reuters. The Israeli military said its forces continued to operate in the Rafah area, without commenting on reported advances into the city centre. International unease...

  Thiruvananthapuram: With several places across the southern districts of Kerala receiving heavy pre-monsoon showers on Tuesday morning, the met department has revised its forecast for the day. The India Meteorological Department has sounded a red alert in Kottayam and Ernakulam districts on Tuesday. These districts are expected to receive rainfall above 204.4mm  in 24 hours. Orange and yellow alert is sounded for various districts in the state as the rain is expected to intensify in the next hours. Orange alert in districts May 28 - Pathanamthitta, Alappuzha, Idukki May 29 - Pathanamthitta, Alappuzha, Kottayam, Ernakulam Yellow alert in districts May 28 - Thiruvananthapuram, Kollam, Thrissur, Palakkad, Malappuram, Kozhikode May 29 -  Thiruvananthapuram, Kollam, Idukki, Thrissur May 30 - Pathanamthitta, Alappuzha, Kottayam, Ernakulam, Idukki, Thrissur May 31 - Pathanamthitta, Alappuzha, Kottayam, Ernakulam, Idukki, Thrissur June 1 - Alappuzha, Ernakulam, Idukki, Thrissur...