
What Counts as “Virtual wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital Space”?
The new law expands the definition of virtual wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital space (VDS) to include:
Social media accounts
Email servers
Online bank, investment, and trading accounts
Cloud servers and remote storage
Digital apps storing ownership records
Any similar online platform
This broad scope means almost every online activity could fall under scrutiny if tax evasion is suspected.
Who Can Access Your wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital Life?
The bill states that high-ranking officials such as Joint Directors, Additional Commissioners, and Income Tax Officers are considered authorized officers. There are serious worries because these officers can get over wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital security measures without first obtaining court authority.
Why Are Experts Concerned?
According to legal experts, this regulation may violate people's basic right to privacy. The likelihood of abuse rises in the absence of judicial supervision or unambiguous procedural protections. Critics contend that it might be seriously challenged under the constitution and violates India's Right to Privacy under Article 21, which was established by the supreme Court.
Could Your Employer's Data Be Accessed Too?
Indeed. Authorities may be able to access private company information as part of their search if the inquiry involves a person connected to a business. Businesses are now concerned about the security of their financial data and internal communications as a result of this.
Final Thoughts
Experts caution that unbridled powers without legal protections might lead to overreach, arbitrary surveillance, and privacy concerns, even as the government seeks to modernize tax enforcement and lessen black money. Discussions around data protection, consent, and privacy rights are expected to heat up as this law approaches implementation.