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Mar 10, 2025
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Tax officials given more power than ever to raid, seize digital assets, attach properties – Details inside
Last month, Union Finance Minister Nirmala Sitharaman tabled the Income Tax Bill, 2025 in Parliament. Once passed in Parliament, the proposed law will replace the existing Income Tax Act, 1961.
With this proposed legislation, which is expected to come into force on April 1, 2026, the government aims to simplify and modernise the tax system. However, some of its provisions have sparked debate. In particular, questions are being raised about the additional powers given to tax officials and their increased access to taxpayers’ digital data.
This expanded enforcement power is outlined in Section 247 of the Income Tax Bill, 2025, which corresponds to the existing Section 132 of the Income Tax Act, 1961, though with expanded coverage.
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