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Brain meets Bot: How AI is elevating tax expertise

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Instead of just correcting errors, Tax Gen AI systems provide feedback that prompts users to reflect on their mistakes and understand the underlying principles, notes EY's Tax Partner Manoj Rathi
The article from CNBC TV18 discusses how Manoj Rathi, a tax expert, has integrated Artificial Intelligence (AI) and Generative AI into his tax consultancy practice to enhance efficiency and accuracy in tax-related services. Rathi highlights the use of AI to automate mundane tasks, allowing professionals to focus on more complex issues, thereby improving productivity. He explains that AI tools help in analyzing vast amounts of data quickly, identifying patterns, and providing predictive insights which are crucial for tax planning and compliance. Additionally, Generative AI assists in creating documents, drafting responses to tax notices, and even predicting potential audit triggers. Rathi emphasizes that while AI significantly aids in decision-making and operational efficiency, human oversight remains essential for ethical considerations, nuanced judgment, and client interaction. This blend of technology and human expertise aims to revolutionize the tax consultancy landscape by offering more personalized, accurate, and timely services.

Read the Full cnbctv18 Article at:
[ https://www.cnbctv18.com/business/finance/brain-meets-bot-ai-generative-ai-tax-expertise-manoj-rathi-19531278.htm ]