The Income Tax Department has deployed sophisticated AI-driven systems to cross-match data from dozens of sources and identify potential tax evaders. Understanding what the system looks for helps hone
Most people know about Section 54 (house property) and 54EC (capital gains bonds). But Sections 54B (agricultural land), 54D (compulsory acquisition), and 54G (shifting industrial undertaking) offer s
Partnership firms and LLPs are taxed differently from companies — at a flat 30% on firm income, with partners' share of profit being exempt in their hands. But partner remuneration, interest, and reti
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