Taxation Takes Multiple Digital Strides In India

Digital India, an initiative to transform India into a digitally empowered knowledge economy, has been in focus for the last few years. The Covid-19 pandemic has also proven and brought out the importance of being digitally enabled. The adaptability of governments and businesses to sustain in an environment where most of the country was under a lockdown, has clearly established that digitalisation will be the key to the future development. Hence, it is important how governments and organisations leverage technology even in the field of taxation to improve tax collections, and make it more transparent and simple for a taxpayer. Tax authorities have shifted their focus from simply processing taxpayers’ data to proactively tapping sources of income. Evolving technologies such as blockchain, robotics process automation (RPA), and artificial intelligence (AI) mark the beginning of a...