Actor Sonu Sood evaded tax of more than Rs 20 Cr, says Income Tax Deptt
After the third visit to Sonu Sood's home Income Tax department made this statement. Read more to know the details.
The raids conducted by the Income Tax Department in the house and offices of real life hero Sonu Sood for the last several days have now come to an end. After conducting continuous investigations in Sonu Sood's house and offices for three days, the Income Tax Department told a press conference that actor Sonu Sood is involved in a tax evasion of more than Rs 20 crores.
CBDT(Central Board of Direct Taxes)
CBDT (Central Board of Direct Taxes) said after the raids that during the search of the premises of Bollywood actor and public envoy Sonu Sood and his associates, evidence of tax evasion has also been found. Along with this, it was also told that after raiding 28 places including Mumbai, Delhi, Gurugram for three consecutive days, it was found that Sonu Sood and his associates had accumulated unaccounted money in the form of fake and unsecured loans.
Sonu Sood Charity Foundation
As per the reports by Income Tax Department, "Charity Foundation incorporated by the actor on 21st July 2020 has collected donations to the tune of Rs 18.94 crore from 01.04.2021 till date, out of which it has spent around Rs 1.9 crore towards various relief work and the balance of Rs 17 crore has been found lying unutilized in the bank account of the Foundation till date. It is seen that funds to the tune of Rs 2.1 crore have also been raised by the Charity Foundation from overseas donors on a crowdfunding platform in violation of FCRA regulations."
Further, the statement said, "The simultaneous search operations carried out at various premises of an Infrastructure group in Lucknow in which the said actor has entered into a joint venture real estate project and invested substantial funds, have resulted in unearthing of incriminating evidences pertaining to tax evasion and irregularities in the books of account. Evidences of such bogus contracts found so far are to the tune of over Rs 65 crore. Evidence of unaccounted cash expenses, unaccounted sale of scrap and digital data evidencing unaccounted cash transactions has also been found. Further, it has been unearthed that the said Infrastructure Group/company has entered into dubious circular transaction to the tune of Rs 175 crore with an infrastructure company based in Jaipur. Further investigations are being carried out to establish the full extent of tax evasion. Cash of Rs 1.8 crore has been seized during the course of the search and 11 Lockers have been placed under prohibitory order."
