Sonu Sood Has Evaded Taxes Worth Rs 20 CrBollywood News

September 18, 2021 14:26
Sonu Sood Has Evaded Taxes Worth Rs 20 Cr

(Image source from: Instagram.com/sonu_sood)

Actor Sonu Sood and his properties were raided recently by the Income Tax Department and the raids continued for three days. With the opposition parties targeting the Centre and the Income Tax officials, the investigating agency issued a statement about what happened during their recent raids. They alleged that Sonu Sood has evaded taxes worth Rs 20 crores.

"The Income Tax Department conducted a search and seizure operation at the various premises of a prominent actor in Mumbai and also a Lucknow based group of industries engaged in infrastructure development. Total 28 premises spread over Mumbai, Lucknow, Kanpur, Delhi, Jaipur and Gurgoan have been covered in the search operation".

IT Department Statement on Sonu Sood(Source: Opindia.com)

"During the course of search at the premises of the actor and his associates, incriminating evidences pertaining to tax evasion have been found. The main modus operandi followed by the actor had been to route his unaccounted income in the form of bogus unsecured loans from many bogus entities. 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" told the statement issued by the IT officials.

As per the statement, Sonu Sood evaded taxes of Rs 20 crores. He spent Rs 1.9 crores from the charity and more than Rs 17 crores has been found lying unutilized in the bank account of the Foundation till date. The Income Tax officials said that the investigation is going on and further details will be announced after the investigation gets concluded.

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