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Showing posts with the label Income Tax Return

What are the ethical concerns about AI development?

Artificial Intelligence (AI) is one of the most powerful technologies of our time. From self-driving cars to chatbots, from medical diagnostics to recommendation systems, AI is transforming every aspect of life. But with great power comes great responsibility. As AI grows more capable and widespread, it raises several ethical concerns. These issues are not just technical; they touch on fairness, privacy, transparency, accountability, and even what it means to be human. In this blog, we’ll explore — in depth — the major ethical concerns about AI development and why addressing them is crucial for the future. 1. Bias and Discrimination One of the most talked-about ethical issues in AI is bias. AI systems learn from data, and if the data is biased, the model will also be biased. For example: A hiring algorithm trained on past data where more men were hired than women might also favor male candidates. A facial recognition system trained mostly on light-skinned faces may fail to a...

Complete Guide to Filing Income Tax Return (ITR)

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It is mandatory for every citizen in India whose income exceeds a certain limit to file Income Tax Return (ITR). Apart from being a legal process, it is also important for maintaining financial stability, obtaining loans and other financial tasks. If you are filing ITR for the first time or want to understand the process better, then this guide will help you. 1. What is Income Tax Return (ITR)? Income Tax Return (ITR) is an official document in which an individual or business submits information about their annual income, expenditure, tax deductions and tax payable to the government. It is managed by the Income Tax Department and comes under the Income Tax Act, 1961. 2. Who can file ITR? The following individuals and entities can file ITR in India Salaried individuals whose annual income is above the taxable limit Self-employed or freelancers who offer their own services Businessmen and entrepreneurs Hindu Undivided Family (HUF) Companies, Partnership Firms and LLPs NRIs (Non-Resident ...

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