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IR (Income Tax Return) and HCL (High-Cost Laptop) are financial documents related to income and expenses.
Individuals and businesses with taxable income are required to file IR and individuals who have purchased a high-cost laptop are required to file HCL.
IR and HCL laptops can be filled out online through the respective government websites or by consulting a tax professional.
The purpose of IR is to report income and expenses for taxation purposes, while the purpose of HCL is to report the purchase of a high-cost laptop.
On IR, information such as income sources, deductions, and tax credits must be reported. On HCL, information such as the model and cost of the laptop must be reported.
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