Is Sonu Sood being investigated by IT dept for 20 crore tax evasion? – Times of India

Within the newest growth, the Revenue division raided a number of premises of a well-liked actor in Mumbai as a part of their search and seizure operation. In accordance with reviews, the actor is perhaps Sonu Sood and the fast raid discovered some incriminating proof associated to tax evasion.

After the preliminary investigation, the Central Board of Direct Taxes reportedly believes the actor was routing his unaccounted revenue as unsecured loans from many bogus organizations. The overall quantity of tax evasion is claimed to be greater than Rs 20 crore.

As per reviews, the IT raid was performed for 3 days in a row to unearth substantial proof of tax evasion. The actor’s non-profit allegedly managed 2.1 crores funded by donors exterior India violating the International Contribution (Regulation) Act that retains a tab on these transactions.

As per IT deparment claims actor, whose philanthropic efforts for these affected by the COVID-19 pandemic have earned large reward, his non-profit Sood Charity Basis arrange in July final 12 months in the course of the Covid first wave collected donations of over ₹ 18 crore until April this 12 months, out of which ₹ 1.9 crore has been spent on reduction work and the stability ₹ 17 crore has been mendacity unused within the non-profit’s checking account.

Raids had been performed on premises of actor Sonu Sood and his associates previously week throughout Mumbai, Lucknow, Kanpur, Jaipur, Gurugram and Delhi.

“It has additionally been revealed that these bogus loans have been used for making investments and buying properties. The overall quantity of tax evaded unearthed up to now, quantities to greater than Rs. 20 crore,” I-T authorities mentioned.

“The Charity Basis integrated by the actor on twenty first July, 2020 has collected donations to the tune of Rs 18.94 crore from 01.04.2021 until date, out of which it has spent round Rs. 1.9 crore in direction of numerous reduction work and the stability of Rs. 17 crore has been discovered mendacity unutilized within the checking account of the Basis until date. It’s seen that funds to the tune of Rs. 2.1 crore have additionally been raised by the Charity Basis from abroad donors on a crowd funding platform in violation of FCRA rules,” in response to I-T.

I-T officers additionally raided a Lucknow builder the place the actor had invested. The builder is accused of bogus entries (laundering of black cash) of greater than Rs 65 crore whereas unaccounted revenue of the builder has been estimated at over Rs 175 crore.The search operation continues to be persevering with and additional investigations are in progress.

The search operation continues to be persevering with and additional investigations are in progress.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button