India's leading legal content provider, Taxmann has partnered with EY India to launch TaxMannn.ai. It is an AI-powered platform designed to streamline tax audits and document drafting for legal and tax professionals.
At launch, the platform features an “Ask Bot” that processes natural language queries and provides structured source-assisted responses. These include links to laws, rules, circulations, case law, and expert commentary.
Users can also analyze complex legal documents, extract insights, identify similar legal precedents, and integrate results into Microsoft Word.
The second feature, “Draftbot,” is scheduled to be deployed in the next phase. Users will help to verify legal notices from tax authorities, identify potential issues, and generate draft responses supported by relevant provisions and case law.
“The Indian tax ecosystem has undergone an incredible digital transformation,” said Samia Gupta, national tax leader at EY India. “With AI driving the next wave of tax conversions, our collaboration with Taxmann reflects a common vision to enhance higher speed, efficiency and smarter decision-making for tax and legal experts based on authentic data.”
Rakesh Bhargava, Managing Director, Taxmann, said, “By combining decades of tax and legal content expertise with proven AI technology, we provide a solution that truly understands the requirements of Indian tax and legal experts.”
The platform is built on EY's enterprise-grade tax technology infrastructure and processes transactions for more than 3,300 companies per year. Taxmann.ai uses Taxmann's own tax and law library content that the company has developed over the past 60 years. All responses are based on verifiable source material.
The collaboration between EY India and Taxmann shows a strategic move to address workflow challenges in India's tax audits through AI. The platform is now available to experts across the country.
