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Sonu Sood has been hitting headlines for all incorrect factors. The earnings tax officials visited his residence 3 days in a row for investigations. And now, we have discovered that the actor has evaded tax of about Rs 20 crore, as per the IT division.
Sonu Sood, who had not too long ago announced a tie-up with Delhi Chief Minister Arvind Kejriwal’s Aam Aadmi Party government, raised ₹ 2.1 crores from overseas donors employing a crowdfunding platform, nonetheless, he violated the law – Foreign Contribution (Regulation) Act – that governs such transactions. He apparently evaded the tax by displaying the unaccounted earnings in the type of bogus unsecured loans from several bogus entities.
The tax division in a statement stated, “Investigations so far have revealed the 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 checks 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 crores.”
Sood’s philanthropic efforts for these impacted by the COVID-19 pandemic earned him heaps of praises from all quarters. As per TheSpuzz’s report, his non-profit Sood Charity Foundation which was set up in July last year for the duration of the Covid initially wave collected donations of more than Rs. 18 crores, nonetheless only Rs. 1.9 crore was spent on relief work and the balance of Rs 17 crores has been lying unused in the non-profit’s bank account.
We also got to know that his current deal with a Lucknow-based true estate firm is also beneath the scanner.
“The simultaneous search operations carried out at various premises of an infrastructure group in Lucknow in which the actor has entered into a joint venture real estate project and invested substantial funds, have resulted in the unearthing of incriminating pieces of evidence pertaining to tax evasion and irregularities in the books of account,” the tax division stated in the statement today.
“Evidences of such bogus contracts found so far are to the tune of over Rs 65 crore… Further investigations are being carried out to establish the full extent of tax evasion.” The division has also seized Rs 1.8 crore for the duration of the searches and 11 lockers have been placed beneath prohibitory order.
: Sonu Sood’s workplace in Mumbai surveyed by Income Tax Department Report