-
Aug 04, 2025
-
India's digital tax revolution: Paving the way for an Al-driven future
By Rahul Patni, Partner and Digital Tax Leader, EY India
Imagine a future where filing taxes is as effortless as a few clicks, powered by intelligent digital infrastructure -India is fast making this a reality. The recent Central Board of Direct Taxes (CBDT) notification extending the income tax filing deadline is not merely about extra time; it signals India's unwavering commitment to advancing a seamless, technology-driven tax ecosystem. Tax filing, which was once a largely manual and time-consuming process, has become more efficient particularly for individual taxpayers. With simplified forms, e-filing platforms, and greater automation, preparing and submitting returns now takes much less time than before.
Today, taxpayers often receive refunds almost instantly, a leap powered by sophisticated systems like the Annual Information Statement (AIS) and Taxpayer Information Summary (TIS). Globally, India's pioneering digital tax initiatives like Faceless Assessment Scheme, are gaining admiration. Many emerging economies are looking to emulate such models, drawn by the promise of reduced discretion and enhanced fairness.
|