AI in Tax Compliance: Recent Trends and Future Roadmap

The Increased use of AI and ML tools in processing tax returns by Income Tax department has led to a surge in automated notices and text messages to taxpayers
AI - Artificial Intelligence - AI in tax compliance - Recent AI trends in taxation - Future of AI in tax - Taxscan

Artificial Intelligence ( AI ) is becoming increasingly crucial in the realm of tax compliance, bringing about significant changes and paving the way for future advancements. Recent trends show a widespread adoption of AI by tax administrations worldwide, with a focus on strengthening compliance, reducing fraud, and improving overall operational efficiency. Adoption Rate of AI…

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