A Study on Assessees Perception Towards AI-Powered Income Tax Filing in Chennai City

Abstract : Taxation plays a significant role in public finance, particularly in developing economies like India. The Indian tax system faces issues with evasion and non-compliance. AIpowered tax preparation software helps individuals file accurate returns on time. AI algorithms analyze financial data to identify savings opportunities, maximizing deductions while minimizing tax burden. This study aims to comprehend taxpayers' perceptions of online tax filing websites and their willingness to use them in the future. for their tax filings. This research aims to thoroughly examine the advantages and concerns taxpayers harbor concerning the utilization of AI-powered software. Moreover, we endeavor to establish whether the implementation of such software results in enhanced tax compliance due to its ability to streamline the filing process. The results of this investigation may illuminate the possibility of AI-powered tax software overtaking human tax advisors or preparation services.