'Whatsapp Messages Helped Discover ₹200 Crore In Tax Evasion': nirmala sitharaman Defends Earnings Tax Bill
Bringing up whatsapp messages that helped unearth ₹two hundred crore in unaccounted cash linked to crypto property, Union finance minister nirmala sitharaman on tuesday defended the provisions of the brand new earnings tax bill, 2025.
Addressing the lok sabha, nirmala sitharaman said granting the government access to wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital statistics is essential for addressing tax evasion and monetary fraud.
"Encrypted messages on cell telephones led to unearthing ₹250 crore of unaccounted money. Proof from whatsapp messages of crypto property has been detected. whatsapp communique helped unearth ₹two hundred crore unaccounted money," MoneyControl quoted the finance minister as announcing.
Sitharaman additionally referred to that google Maps records were used to pick out places regularly visited to cover cash, and instagram accounts were analyzed to determine 'benami' belongings ownership.
The minister said the flow helps keep tax enforcement up to date with new technology, ensuring that virtual property like cryptocurrencies is not unnoticed.
She defined that the brand-new bill gives officers the right to get admission to conversation structures like emails, whatsapp, and Telegram, as well as commercial enterprise software programs and servers used to cover financial transactions, the report introduced.
She also stated that collecting proof from wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital money owed is critical to prove tax evasion in court and to calculate the exact amount of tax kept away from.
The Income Tax Bill, 2025, delivered in the lok sabha on february 13, seeks to replace the Profits Tax Act of 1961. Even as preserving most of the authentic provisions, the bill's primary recognition is simplifying the language and getting rid of redundant sections.
A key update in the invoice is the inclusion of virtual wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital property within the definition of undisclosed profits, broadening insurance to include virtual tokens, cryptocurrencies, and other cryptographic representations of fees, pronounced PRSIndia.
The bill also grants profits tax authorities the strength to get entry to wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital areas all through seek and seizure operations. This includes electronic mail servers, social media bills, online funding and buying and selling platforms, and websites that shop asset ownership info. The government can override get-right-of-entry codes to inspect those virtual environments as part of tax investigations, it introduced.
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