TaxBot: An AI-driven Chatbot for Resolving Double Taxation Queries in India

This article explores the potential of TaxBot, an AI-driven chatbot, in mitigating India’s daunting double taxation complexities. Double taxation is a major problem for individuals and businesses in India due to its numerous tax jurisdictions and compliance regulations. To simplify this issue, TaxBot harnesses the power of Artificial Intelligence (AI) and Machine Learning (ML) to streamline tax reporting and compliance processes. This paper provides an overview of India’s legal framework surrounding double taxation; elucidates on how AI & chatbots can improve tax services; demonstrates TaxBot’s implementation for users; evaluates its effectiveness in simplifying Indian double taxation laws & regulations; highlights both advantages as well as limitations when it comes to tackling complex issues like these; and outlines implications that come with using this technology for individuals, businesses or even government authorities in India.TaxBot represents a revolutionary shift towards automated solutions when dealing with taxes - providing innovative yet user-friendly ways of addressing challenging problems such as double taxation. With continued development expected over time, there are considerable prospects ahead when it comes to incorporating Artificial Intelligence into resolving taxing matters here at home.

I. Introduction

Double taxation, a significant concern for both individuals and companies in India, is the imposition of taxes on income, assets or financial transactions by two (or more) jurisdictions. This issue can arise when people or businesses are obligated to pay levies in their home country as well as where their revenue originates from. Unfortunately, double taxation creates an unwelcoming commercial environment that deters foreign investment and encourages tax avoidance. [1]