While defending the new Income Tax Bill in the Lok Sabha in Parliament, Finance Minister Nirmala Sitharaman said that the government is adopting new ways to stop tax evasion. He said that the Rs 200 crore tax evasion to Crypto Assets has been revealed from WhatsApp message. The Finance Minister said that with the help of Google Maps, the places where people used to hide cash. The owners of 'benami' property were detected from Instagram accounts.
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Nirmala Sitharaman has said that providing access to digital records to tax authorities is important to deal with tax evasion and financial fraud, while defending the provisions of the new Income Tax Bill, 2025 and its benefits. WhatsApp messages have provided proofs of crypto assets.
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Addressing the Lok Sabha, Nirmala Sitharaman said that providing access to digital records to tax authorities is important to deal with tax evasion and financial fraud. He informed that the new Income Tax Bill can be submitted for discussion in the upcoming monsoon session of Parliament. According to the report of Bussiness, the Finance Minister said that evidence has been found from WhatsApp messages of Crypto Asset. WhatsApp communication has helped in finding out the amount of Rs 200 crore.
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The Finance Minister also stated that Google Maps History was used to identify the places to be used frequently to hide cash and analyzed Instagram accounts to detect the ownership of benami property. Sitharaman said that this step helps the tax enforcement update with new technology. It also ensures that virtual assets like cryptocurrency are not ignored.
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Nirmala Sitharaman told the House that the new bill gives officers the right to commercial software and server to the authorities such as email, WhatsApp and Telegram as well as commercial software and server used to hide financial transactions. He said that it is important to collect evidence from digital accounts to prove tax evasion in the court and calculate the correct amount of tax evasion.
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Know what is the new income tax bill
The Income Tax Bill, 2025 was introduced in the Lok Sabha on 13 February. This will replace the Income Tax Act, 1961. The government says that the purpose of this bill is to simplify the tax law. However, some of its provisions have also created a ruckus. For example, under Section 247 of the new Income Tax Bill, income tax officials can access email, social media, bank details and investment account of any person on suspicion of tax evasion or undisclosed property. Tax officials will get these rights in certain cases. According to reports, these rights will be found only in the case of taxpayers who will be suspected of tax evasion or undisclosed assets.
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