In what might come throughout as stunning information to some revenue tax assessees, from April 1, 2026, the Earnings Tax Division shall be prepared and legally permitted to peep into not simply your social media accounts but additionally your financial institution and buying and selling accounts, if discovered suspicious. Moreover, the taxman may even be capable of entry your electronic mail inbox and even different associated info.
The information comes two days after Finance Minister Nirmala Sitharaman defended the concept of granting entry to people’ digital data as a part of the incoming Earnings Tax Invoice. Such a provision is critical to struggle tax evasion and forestall monetary fraud, in response to the finance minister.
Talking within the Lok Sabha, the decrease home of Parliament, on Tuesday, Sitharaman admitted that tax authorities are already utilising private info obtainable on apps like WhatsApp (messaging app) and Google Maps (street navigation app) in conducting investigations and should even be recognised formally in regulation.
(This can be a breaking information story. Extra particulars shall be added shortly)
