Business
Archived — This article has been archived. The information may be outdated.
Experts warn against using ChatGPT or Claude alone for ITR
Moneycontrol··21 Jun
Moneycontrol reported taxpayers increasingly using ChatGPT, Claude, and Gemini for July ITR filing. ClearTax founder Archit Gupta said such tools can produce inconsistent calculations because they are not built on fixed compliance logic. Deloitte partner Tarun Garg warned AI may mis-handle multiple income streams, international tax, and complex disclosures. Officials expect further briefings as reviews continue this week.
Prism
What It Means For You
- Taxpayers remain legally responsible for return accuracy even if AI tools prepare drafts.
- Experts advise reconciling every figure against AIS, TIS, and Form 26AS before filing.
- Complex cases involving capital gains, foreign assets, or crypto still need professional review.
What's Happening
- Moneycontrol reported growing use of ChatGPT, Claude, and Gemini for July ITR filing.
- ClearTax founder Archit Gupta warned general AI tools lack fixed compliance frameworks and pose data security risks.
- Deloitte's Tarun Garg said AI may select wrong ITR forms or under-report income.
AI and Tax Liability
- Dedicated tax platforms integrate with the income tax portal and run validation checks before submission.
- The Income Tax Department also launched Kar Saathi, an official AI chatbot for procedural guidance.
- Experts distinguish between general-purpose AI and compliance-built filing software.
all-news
