Do you think that if a large portion of people jumped through these hoops that governments would just throw their hands up and be like, "Oh no they got us guys time to pack it up"?
if a person is found to be in possession or control of any books of account, or other documents and information maintained digitally, on computer systems, or stored electronically, then they must provide the designated income tax officer “reasonable technical and other assistance (including access code, by whatever name called) as may be necessary” to enable the officer to inspect “any information, electronic records and communication or data contained in or available on such computer systems”.
“In most of the cases of search operation the taxpayers do not share the password/login credential of online forums/portals/e-mail accounts, etc.
The article does not note what will happen when the defendant does not share the info. It is the best interest of the defendant to not share the info. It is very possible that the defendant will incur a small fine for non-compliance instead of a big fine for tax evasion, so it's still a favorable outcome.
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Do you think that if a large portion of people jumped through these hoops that governments would just throw their hands up and be like, "Oh no they got us guys time to pack it up"?
The article notes:
The article does not note what will happen when the defendant does not share the info. It is the best interest of the defendant to not share the info. It is very possible that the defendant will incur a small fine for non-compliance instead of a big fine for tax evasion, so it's still a favorable outcome.