The Direct Tax Panel, led by Akhilesh Ranjan, has recently suggested the use of Artificial Intelligence in Tax compliance and administration among other necessary revisions in the tax rate structure. This approach, if implemented without a snag, would be regarded as one of the most important initiatives as it would force the potential taxpayers and jobholders to comply with their tax obligations. This would also provide significant support in enhancing the tax framework.

To make it sure that the horizon of taxable remuneration increases, the Direct Tax Panel will also consider the idea of integrating data from all the different financial institutions, banks, and corporations that fall under the GST class. In the wake of this ground-plan, a proposed reduction in the tax rate to 25% has been suggested for corporates, in comparison to the previous recommendation of 15% made by the former panel headed by Arbind Modi.

These shifts in the tax framework are being presented to create a clean and unavoidable tax-paying system. According to sources, the bill would probably take more than a year to pass in the Parliament; also, it's acceptance would be something to be seen.