A Pathway to Efficiency and Transparency of Indian Taxation System Through AI Technologies: NLP and Big Data Analytics

There are few Challenges in the Indian taxation system such as complexity, lack of efficiency & transparency, long procedure and compliances which makes it cumbersome. In this paper we will go through how these Challenges are faced out and overcome from it with the help of AI technologies such as natural language processing (NLP) and big data analytics. These technologies can play a transformative role in streamlining in the process of taxation. By implementing NLP, unstructured data like legal statutes, tax documents can be automatically processed, classified and interpreted. It contributes in improving the transparency, efficiency and user-friendly tax system. In parallel, big data analytics helps in detecting anomalies, reducing tax evasion and forecasting revenue collection by real time processing, advance pattern Recognition and predictive analysis. In this paper we include the various platforms for implementing these AI technologies in taxation system. We also discussed about process and applications of applying NLP & data analytics in Indian taxation system and how these technologies resolve the tax disputes of India. In this paper research methodologies involve secondary data of various good qualitative journal such as Scopus indexed and data from IEEE explore and real-world practical approaches for applying NLP and big data analytics in taxation system of India.