Any expense, concession, or exemption that lowers a person’s or business’s taxable income is referred to as a tax deduction.
The use of artificial intelligence (AI) is changing how we work and live. It is increasing our productivity, enabling work automation, and assisting us in making wiser decisions.
Taxes can be quite complex, and they’re a big part of how our government operates and provides services. In India, there’s a law called the Income Tax Act that helps regulate how taxes work.