Sonu Sood Evaded Tax Over Rs 20 Crore, Claim Income Tax Department -Report

In a new update, the tax department in their statement claims that Sonu Sood has evaded Rs 20 crore worth of tax. Read on!

5241 Reads |  

Sonu Sood Evaded Tax Over Rs 20 Crore, Claim Income Tax Department -Report
Sonu Sood has been creating a huge buzz lately for multiple reasons. As many know, a few days ago, Income Tax officials had gone to the actor's house for surveillance. The IT department had been conducting raids at Sonu's residence for 3 days in a row. Apart from his house, six other places in relation to him and his companies were also being surveyed. And now, as per the latest reports, Income tax officials claim that Sonu has evaded tax of Rs crore.

The tax department said that the actor's non-profit also raised Rs 2.1 crore from overseas donors using a crowdfunding platform in violation of the law - Foreign Contribution (Regulation) Act that governs such transactions. According to an NDTV report, the Income-tax department in their statement said, "During the course of search at the premises of the actor and his associates, incriminating evidence pertaining to tax evasion have been found. The main modus operandi followed by Sonu had been to route his unaccounted income in the form of bogus unsecured loans from many bogus entities."

It further added, "Investigations so far have revealed use of 20 such entries, the providers of which, on examination, have accepted on oath to have given bogus accommodation entries. They have accepted to have issued cheques in lieu of cash. There have been instances where professional receipts have been camouflaged as loans in the books of accounts for the purpose of evasion of tax. It has also been revealed that these bogus loans have been used for making investments and acquiring properties. The total amount of tax evaded unearthed so far, amounts to more than ₹ 20 crore." ALSO READ:Sonu Sood’s Mumbai And Lucknow Properties Surveyed By Income Tax Department
Sonu Sood's non-profit Sood Charity Foundation set up in July last year collected donations over Rs 18 crore till the month of April this year, out of which Rs 1.9 crore has been spent on relief work.

Image Source:Instagram/SonuSood