*"Government Eyes on Your Online Presence: Decoding the Income Tax Bill 2025"* The Income Tax Bill 2025 has sparked concerns among social media users, as it proposes to grant tax officers access to individuals' social media accounts. This move aims to broaden the scope of tax scrutiny, particularly in the context of virtual digital assets. *Key Provisions:* 1. *Access to Social Media Accounts:* Tax officers may request access to an individual's social media accounts, including passwords, to verify income and assets. 2. *Virtual Digital Assets:* The bill defines virtual digital assets, including cryptocurrencies, NFTs, and other digital tokens, which will be subject to tax scrutiny. 3. *Reporting Requirements:* Social media platforms and other online service providers may be required to report transactions and user data to tax authorities. *Implications:* 1. *Privacy Concerns:* The proposed provisions raise concerns about individual privacy and the potential for misuse of personal data. 2. *Tax Compliance:* The bill aims to improve tax compliance, particularly among individuals with unreported income or assets. 3. *Regulatory Framework:* The proposed provisions may lead to a more comprehensive regulatory framework for virtual digital assets in India. *Next Steps:* 1. *Parliamentary Approval:* The Income Tax Bill 2025 will require parliamentary approval before it becomes law. 2. *Public Consultation:* The government may conduct public consultations to address concerns and gather feedback on the proposed provisions. As the bill progresses, it is essential to monitor developments and assess the potential impact on individual privacy and tax compliance.