Income Tax Rule: From April 1, 2025, the Income Tax Department will have the legal right to view and access your social media accounts, personal email and bank accounts, online investment accounts, trading accounts and more.
The government has made income up to Rs 12 lakh per annum tax free. But from April 1, 2025, the Income Tax Department will have the legal right to view and access your social media accounts, personal email and bank accounts, online investment accounts, trading accounts and other things.
IT Act
However, honest taxpayers will not have any problem in this. Let us tell you, the officers will have this right in the new Income Tax Act. Section 132 of the existing IT Act, 1961 allows officers to conduct searches and seize property and accounts if they have information and reason to believe that a person has any income, property or documents, which they will not disclose deliberately to avoid income tax.
Virtual digital space
One way they do this under the current law is to break open the lock of any door, box or locker if the keys are not available and they suspect that any undeclared assets or account books are kept there. Under the new income tax bill, this power has been extended to your computer system or virtual digital space as well.
Section 247 of the Income Tax Bill
According to Clause 247 of the Income Tax Bill, if an officer has reason to believe that a person has undeclared income or property which is covered under the Income Tax Act, he can break the lock of any door, box, locker, safe, cupboard or other instrument. He can also gain access to any computer system or virtual digital space by overriding the access code.
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