Finance Bill 2025, March 26 -- The government has proposed to strengthen legal provisions to track digital assets under the new Income Tax Bill, 2025, as the previous Income Tax Act did not provide adequate legal backing for investigating digital assets.

Finance Minister Nirmala Sitharaman said while discussing the Income Tax Bill 2025 that because the previous Income Tax Act did not provide legal backing for checking digital assets, it has prompted the government to introduce specific measures in the proposed legislation.

"Income Tax Law did not give legal backing to check digital assets, so have included it. Added checking of digital elements in the Income Tax Act, Law should give legal backing," said FM Sitharaman on the new tax bill...