Asia Insurance Post
  • Home
  • Articles
  • Blog
  • Data
  • Facts
  • Editorial
  • Interviews
Select Page

I-T Bill powers taxmen to override computers, virtual digital space access codes in search, seizure

by AIP Online Bureau | Feb 13, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology | 0 comments

As per the Bill, virtual digital space encompasses any digital realm that allows users to interact, communicate and perform activities using computer systems, computer networks, communication devices, and includes email servers, social media accounts, online investment account, trading account, banking account, etc; any website used for storing details of ownership of any asset; remote server or cloud servers; and digital application platforms

New Delhi: The Income Tax Bill, 2025 gives tax officers powers to override the access code of computer systems and virtual digital space, including online trading and investment accounts as well as cloud servers, in search and seizure cases.

The Bill, which was introduced in the Lok Sabha on Thursday, included a new terminology “virtual digital space” in the clause relating to search and seizure cases.

As per the Bill, virtual digital space encompasses any digital realm that allows users to interact, communicate and perform activities using computer systems, computer networks, communication devices, and includes email servers, social media accounts, online investment account, trading account, banking account, etc; any website used for storing details of ownership of any asset; remote server or cloud servers; and digital application platforms.

The existing Income Tax Act, 1961, provides that tax officers can break open the lock of any door, box, locker, safe, almirah, or other receptacle in search and seizure cases where the keys thereof or the access to such building, place, etc., is not available.

The Income Tax Bill, 2025 has also included the provision that states that tax officers can “gain access by overriding the access code to any said computer system, or virtual digital space, where the access code thereof is not available”.
Source: PTI

Submit a Comment Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Insurance premium for aircraft expected to go up, says IndiGo CEO
  • Ambanis to infuse Rs 16K cr in Jio Financial Services to take on rivals
  • Air India’s Ahmedabad Crash:Re/insurers clear $125 million claims for AI’s Hull and engines
  • ICICI Foundation partners with IIT Kanpur to build Digital Health Stack
  • India projected to grow 6.4% in 2025 & 2026, reform momentum driving stable growth: IMF

Categories

  • Articles
  • Banking & Bancassurance
  • Blog
  • Breaking News!
  • Briefs
  • Climate, Environment, Renewable Energy
  • Data
  • Disaster & Management
  • Eco/Invest/Demography
  • Editorial
  • Events
  • Facts
  • Features
  • Health
  • Indian News
  • Intermediaries
  • International News
  • Interviews
  • Life
  • Main Menu
  • Non-Life
  • Pandemic
  • Pension & Social Security
  • Policy
  • Regulation
  • Reinsurance
  • Risk Management
  • Simple
  • Technology
  • Trends, Facts
  • Uncategorized
  • Wealth Management/ Philanthropy
  • Workplace/Employee Benefits
  • Home
  • Articles
  • Blog
  • Data
  • Facts
  • Editorial
  • Interviews
  • Eco/Invest/Demography
  • Indian News
  • International News
  • Health
  • Non-Life
  • Pandemic
  • Technology
  • Risk Management
  • Reinsurance
  • Banking & Bancassurance
  • Wealth Management/ Philanthropy