My Experience with Income Tax Return (ITR) Filing

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I once thought that if I know something (probably because I've learnt it somehow), I am saving money because then I don't have to pay someone to do that chore for me. This notion of mine has been smashed and boinked all around the place for the last couple of days. I am talking about filing my ITR (Income Tax Returns). Context In the past, during my school days, I have seen my parents getting irritated by the whole process. It was very cumbersome at that time- No online portals to make your work easy. ITR filing in India was a nightmare. I have seen my parents to delegate that task to professionals, who do it for a fee. The problem was, my parents never seem to mind that much about tax. I mean, they did moan about the atrocity that the Indian tax system is, but that's the extent of their outrage. I felt at that time, if they knew more on tax, they would be able to save more on taxes and also would be able to do proper tax planning. Oh boy, what a sweet dream that was! My Li

Data Science and AI- Understanding the Terms

Intro

Data Science and AI might sound like the coolest thing that there is right now. Whether you are a fresher trying to learn these skills or a seasoned businessman who want to implement AI in your workflow, you might have heard these terms thousands of times. But do you understand them properly? Do you understand the differences? Because they are some of the most basic concepts underlying. In this article, I’ll be hopefully able to answer the above questions.

Definitions

Let me start with saying, I am not a big fan of definitions. That is, I do not think anyone should ever try to memorize formal words describing or defining something rather than actually understanding it. So rather than giving formal definition, let’s see whether I can help you in understanding the concepts.

Data Science literally means science that involves Data. Anything that you do with Data, comes under the umbrella of ‘Data Science’. And what is Data? Data is basically recorded information. We usually deal with digital information, hence digital data. Anything that contains information is data. So, the image you took a few days ago (which contains visual information) is an example of Data. If you are reading this blog (which contains textual information), this is also an example of Data. For certain reasons, we want to access (or read) certain type of data, we might want to analyze them or want to extract some insight or other information out of it. All these handling and manipulation comes under Data Science, since all of these actions involve Data.

Now, AI means Artificial Intelligence. It is very hard to define intelligence casually in a few words. But for the sake of simplicity, we can equate intelligence with the ability to learn and apply your learning in other situation. Though this is a crude way of defining intelligence, but if you think thoroughly, this covers a large spectrum of intelligent behaviour. When we discuss about intelligence, we usually refer to biological intelligence which originated in nature through millions of years of evolution (a story for later time!). But if you can mimic these same sort of behaviour artificially in a machine (say, a computer or handheld device), then we call that Artificial Intelligence.

Examples

Let’s give out a few hardcore examples before going to differences.

A school collects different types of information regarding its’ student population. It collects demographic information like name, age, gender, address of residence, date of birth, guardian’s name and others. It also collects academic information like all the subjects a student is taking, their individual scores etc. . All these information can obviously be regarded as Data. Now the school management might be interested in understanding more about their students. So they might analyze this data and create visuals (like charts, graphs etc.) based on these demographic and academic information they have. The whole process may include- creating a database (a format to store the data properly arranged), accessing the said database, data analysis and data visualization. All of these tasks come under Data Science.

If you have a modern smartphone, it might have a ‘Face recognition’ feature. That is, it can unlock the phone by recognizing your face. If you step back and think a bit, we as humans also have this ability mostly. Normally we can remember faces and then can recognize them later. This is a sort of intelligent behaviour carried out by our brain. When we mimicked the same ability in a machine (in this case, a mobile/ smartphone or laptop), we call it Artificial Intelligence.

Difference

By now, you can understand that these two terms are not entirely same. Or for some of you, it might seem totally different. But there is a common link. If you are to build an AI system, that is, a machine with intelligent behaviour, you do it using Data Science. You need data to teach a machine a certain skill, thus making it intelligent. So AI invariably needs Data Science. You can’t make an AI system without Data Science. But the opposite is not true. Data science might cover a lot of other use cases which do not need an intelligent behaviour, thus any AI. So,

All AI applications need Data Science but all Data Science use cases might not have AI. 

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