<ul><li>The government has proposed to strengthen legal provisions to track digital assets under the new Income Tax Bill, 2025.</li><li>Digital forensics played a crucial role in unearthing unaccounted money, with encrypted messages on mobile phones and WhatsApp communication leading to the detection of large sums.</li><li>The Finance Minister mentioned that Google Maps history and Instagram accounts could be analyzed to identify hidden cash and 'benami' property ownership.</li><li>The new bill allows government officials to access communication platforms, enterprise software, and storage servers used by businesses to conceal financial transactions for tax evasion investigation purposes.</li></ul>

"Income Tax Law Did Not Give Legal Backing To Check Digital Assets, So Have Included It”: FM Nirmala Sitharaman

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