The Income Tax Department occasionally modifies its legislation.  By lowering income taxes by up to Rs 12 lakh (the income tax ceiling), the central government has helped the nation's middle class in 2025.
 
Individuals who make more than 12 lakhs (the country's income tax deduction limit) are required to provide the government with information about their earnings via their bank and ITR.  To keep the nation's residents out of difficulty, the Income Tax Department will be enacting new legislation.

The new income tax regulations will go into effect on april 1.
 
To maintain peace and order throughout the nation, the Income Tax (Income Tax Rule) department will be enforcing new regulations. The new legislation will be implemented by the Income Tax Department on april 1, 2025.  Your social media accounts, personal email and bank accounts, online trading and investment accounts, and other information will be legally accessible to the Income Tax Department (Income tax law on social media).

Section 132 of the IT Act

The Income Tax Department (The IT Act, 1961) takes action in its raids under Section 132 of the IT Act, 1961. Income Tax Department officials work under this section in the raid (Income tax raid). This section allows the department officials to conduct searches and seize property and accounts (Income tax raid rule), if they have information and reason to believe that a person has any income, property, or documents, that they will not disclose deliberately to avoid income tax.

Laptops and virtual wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital spaces can provide information.
 
The Income Tax Department's present statute allows departmental agents to search any suspected property during a raid by breaking into any cabinet, locker, door, or box (Income tax wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital space regulation).  Officials from the Income Tax Department can now access your computer system or virtual wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital area to acquire information thanks to the new law.

Action will be taken under Clause 247 of the Income Tax Bill.

Under Section 247 of the Income Tax Bill, if Income Tax Department officials receive information about a person having undeclared income or property falling under the purview of the Income Tax Act, they can also break the lock of any door, box, locker, safe, cupboard or other instrument. They can also gain access to any computer system or virtual wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital space by overriding the access code.
 
 
 
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SIBY JEYYA

07/03/2025 10:03 AM