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AI and tech drive record 5.5 crore tax returns filed
Over 5.5 crore income tax returns (ITRs) were filed for assessment year 2026-27 by the July 31 deadline, with more than 42 lakh filed on July 30 alone, said the Income Tax…
The Story in Brief
Over 5.5 crore income tax returns (ITRs) were filed for assessment year 2026-27 by the July 31 deadline, with more than 42 lakh filed on July 30 alone, said the Income Tax Department. The record pace is driven by a technology-heavy tax administration. The Mint reports that artificial intelligence automates data processing, pre-fills returns with salary, TDS and investment details, and detects anomalies to widen the tax base. Last year, over 7.3 crore returns were filed, and refunds worth Rs 4.35 lakh crore were issued.
The Indian Opinion
The official line celebrates AI making compliance easier, but privacy advocates worry about opaque algorithms and data creep. The real test is whether AI catches the biggest tax evaders or just piles automated notices on the middle class. Watch the tax-to-GDP ratio over the next year, if it barely budges, the AI hype will ring hollow.
Sources (2): livemint.com, thehansindia.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
