The Income Tax Department will reportedly have the legal right to investigate your social media profiles, emails, bank accounts, online investments and trading accounts. If tax authorities suspect that you have evaded taxes or have any undeclared assets, cash, gold, jewellery, or other valuables, they can investigate your accounts, according to an ET report. This new provision will come into effect under the proposed Income Tax Bill and will make the process of tax investigations in line with the digital age, the report said, adding that the purpose of this change is to prevent financial fraud, undeclared assets and tax evasion. When can tax officials access your digital information? Under Section 132 of the existing Income Tax Act, 1961, tax officials can conduct searches and seizures if they have credible information that a person is concealing his income, assets or financial records with the intent to evade taxes. Until now, they had the power to break open doors, safes...