Bhumesh is the Managing Partner of Corp Comm Legal, an Indian law firm. He is ranked among the Top 100 Indian corporate lawyers. He is advising domestic and foreign companies on M&A, joint ventures, corporate - commercial issues. Besides, he has written a book on Drafting of Commercial Agreements, has a couple of books in pipeline and trains students and professionals on Drafting Skills and corporate laws. He writes regularly on legal, business & other issues and is a guest faculty lecturer with educational institutes. Bhumesh holds a Bachelor of Laws (LLB) from the University of Delhi and a further qualification in International Law and Legal Studies from College of Law, York.
Artificial intelligence (AI) is the intelligence demonstrated by machines, in contrast to natural intelligence (NI) which is displayed by humans and animals. AI is also known as machine intelligence.
Since the Indian economy was opened up for foreign investment in the early 1990s, India is considered as a land of untapped business opportunities – this view has been consistently strengthened by progressive legal and business reforms embarked on by the central government. As a result, India has emerged as one of most favorable nations for foreign investors to invest in.
The income tax department (IT) is always facing pressure from the government to enhance collections so that the financial deficit running in billions of Rupees can be trimmed. Therefore, it keeps coming up with some or the other new tricks up its sleeve.
Over the years, income-tax (IT) authorities in India are progressively employing new and divergent methodologies to spot tax evaders, putting the menace of tax evasion behind.