Business Standard

The future of taxation is automation

The finance ministry's new online tax filing system will help expand the tax base by reducing the time and effort required to register a new taxpayer and create a permanent account number

Image
Premium

Pranjal Sharma
Soon, filing returns may no longer be the most taxing activity of our lives. Not just in India, but globally, a move towards digitalisation of taxation activity has brought a lot of efficiency and convenience to the system. Individual and institutional taxpayers as well as tax authorities in many countries are rapidly digitising the process.
 
India has been at it for many years now and many aspects of the tax processing systems are automated already.
 
For India, this is not just important but essential. A mere 14.6 million Indians paid taxes last year. For a growing economy the
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in