The Study about the contribution of Artificial Intelligence in managing the Tax System: With respect to the technical difficulties

Abstract

With the beginning of the technologically advance era, multiple software has been launched to make the complex tasks simpler. One of the prominent man-made innovations of this time is ‘Artificial Intelligence’. It is basically a robotic man-made software which has reduced the red-tapism and the extra hard work of human beings. Now-a days, AI is mostly used to reduce the excessive paperwork, find solution to the complex technical breakdown, and reduce the duration of the completion of a particular task. In this relevance, the AI is playing a magnificent role in the tax management of India. The tax system of India is filled with many challenges. It has become a complex nexus of paperwork and complicated rules and regulations, creating a struggle for the general public and the government officials in terms of maintaining a proper record and filing the tax on time. The current obstructions of the Indian Tax System are: GST implementation, Tax Evasion, Rules & Regulations Complexities, and Technical Glitches. Indian Population is segregated on the basis of language, education, culture, ethnicity, etc. Therefore, it becomes difficult to put all of them under one head. Some of the Population might be technically equipped where as others may not. In this case, the tax filling on the online basis is also not solving the problems for the population which are technically unsound. Overall, the tax filings and the tax monitoring both have become a complicated task at the ground level. However, as the time is evolving people are finding easier paths and solutions to the complex problems. In pursuance of this, AI is the new solution to the complexities of this generation. The introduction of AI into the world of tax has created an absolute remarkable change in its management and monitoring style. It reshaped the tax industry and proved to be a blessing for their future growth. Under this research paper, the primary focus will be on the indulgence of AI in the tax industry and creating an environment which is free from the technical complexities. The paper will be targeting the data generated from the present tax industry based on the secondary research & collected from the relevant news articles, public notes and reviews, Government websites and journals. The graphs will be given to highlight the important information with clarity. The paper will be concluded by highlighting the significance of artificial intelligence in resolving the technical difficulties faced by the officials and the tax payers and also reducing the Red-Tapism.