Taxmann, EY India launch AI-powered platform for tax, legal pros

Tax and corporate law publisher Taxmann on Friday announced the launch of Taxmann.AI, an AI-powered platform developed in collaboration with EY India. The platform aims to assist tax and legal professionals with research, document analysis, and drafting tasks by combining Taxmann’s content library with EY’s technology expertise.

Taxmann.AI offers research, document analysis, and response generation capabilities built on EY's technology platform for the tax domain.
The responses generated by Taxmann.AI are grounded in original, verifiable content from Taxmann, backed by enterprise-grade privacy and security of EY tax technology, EY India said in a statement.

“This launch represents our commitment to empowering tax and legal professionals with tools that enhance both efficiency and accuracy,” said Rakesh Bhargava, Managing Director at Taxmann. “By combining our decades of content expertise with EY’s AI technology, we’re delivering a solution tailored to the needs of Indian tax and legal professions,” he said.

Sameer Gupta, National Tax Leader at EY India, said the platform reflects the evolving nature of India’s tax ecosystem, which has undergone significant digital transformation in recent years. “With AI driving the next wave of tax transformation, our collaboration with Taxmann reflects a shared vision to enable professionals with tools for greater speed, efficiency, and smarter decision-making based on authentic data.”

Taxmann.AI includes an ‘Ask Bot’ that processes natural language queries and delivers structured answers backed by references to relevant sections, rules, circulars, case law, and expert commentaries. The platform is positioned as a tool to reduce time spent on manual research and improve workflow efficiency. The next phase will introduce a ‘Draft Bot’ designed to assist users in validating legal notices, detecting possible compliance issues, and producing draft responses that reference statutory provisions and pertinent case law, the company said.

Although the platform presents potential efficiencies for users, it enters a market where legal and tax professionals remain wary of the limitations and risks associated with AI. Experts argue on the necessity of human oversight in the interpretation of intricate legal materials, an area in which AI tools are still progressing. Taxmann and EY India nonetheless assert that the platform has been developed with enterprise-level privacy and security measures to guarantee data confidentiality and adhere to professional standards for managing sensitive information.