Naina Bhardwaj Addresses 200+ Lawyers at Workshop on AI Applications in Taxation Hosted by a Lawyers’ Association in Uttar Pradesh, India

On March 22^nd, 2024, Naina Bhardwaj, International Business Advisor at Dezan Shira & Associates’ India office, took the stage as a guest speaker, offering her insights on the application of artificial intelligence (AI) in taxation. This interaction took place at a taxation workshop hosted by the Ghaziabad Bar Association, a leading organization representing legal professionals in the Ghaziabad district of Uttar Pradesh, India.

Estimated to be worth over US$17 billion by 2027, India’s AI market is positioned to propel the country as a global technological and economic leader. With recent government initiatives like the Digital India programme, India is actively integrating AI in key areas such as taxation to streamline its evolving yet complex tax laws and create a conducive business environment for global investors.

At this interactive taxation workshop organized by the Ghaziabad Bar Association, a leading organization representing legal professionals in the Ghaziabad district of Uttar Pradesh, India, Naina delivered a comprehensive presentation on the significance of integrating AI in taxation services and support. Naina’s insights provided tax and legal professionals with a thorough understanding of the benefits and implications of AI adoption.

Throughout her discussion, she highlighted the emerging AI terms and their importance, including the role of Generative AI in aiding professionals not only to process data but also to draft complex documents and legal briefs. She also shared recent strategic initiatives by the government to integrate AI in its tax framework, including projects such as Advanced Analytics in Indirect Taxes that look to minimize the risk of tax fraud by early identification of tax evasion among other benefits.

Naina presented a blueprint for integrating AI into various professions, focusing on organizational readiness for future challenges and adopting a systematic approach for achieving quantifiable enhancements in speed, efficiency, and overall outcomes.

She also spoke of the utility of AI, particularly Generative AI, within the realm of tax functions, elaborating on its potential applications in evolving domains such as mergers and acquisitions (M&A) and transfer pricing. Additionally, she shed light on popular AI tools widely adopted by tax professionals worldwide.

If you are looking for assistance with managing your tax compliances, please feel free to contact Naina via email at: naina.bhardwaj@dezshira.com or here. We can also support you with tailored technological solutions to improve your business’s efficiency. For further details, please click here.

Dezan Shira & Associates’ Presence in India

With offices in Delhi NCR, Mumbai, and Bangalore and associates in all other major cities, Dezan Shira Consultancy Services Private Limited offers robust compliance services and growth solutions to complex businesses entering India.

Our services in India include Structuring & Incorporation, Tax & Regulatory Registration & Compliances, Conduct of Due diligence, Intellectual Property and Brand Protection, Business and Tax Advisory, HR Administration, Payroll Management, Bookkeeping & Accounting. Our Legal & Business Advisory includes Contract Reviews, Financial reviews, and CXO Assistance Services. Over the years, the firm has added lateral talent in India thereby enhancing its reach to deliver bespoke solutions customized according to client needs. The team in India is committed to improving your understanding of investing and operating in the Indian subcontinent.

Should you have any questions or queries about investing or doing business in India, you can get in touch with our team in India here.

Further Resources

To know more about the growing opportunities in India’s business environment, please visit our Doing Business in India Online Portal and India Briefing, where you can find resources such as

• Goods and Services Taxes in India 2024 [Publication]
• Preparing for Audit in India [Publication]
• Technology-Enabled Changes in the Audit Compliance Landscape in India [Article]
• India’s ITR Forms for AY 2024–25: Key Updates [Article]
• India’s Regulation of AI and Large Language Models [Article]
• Navigating Indian Tax Laws: Implications for Businesses in 2024 [Webinar]

---