Big disclosure of income tax in Sonu Sood case, said- actor and his associates evaded tax of Rs 20 crore

The actor made headlines last year for helping migrants reach their home states during the nationwide lockdown in the wake of the Kovid-19 pandemic.

Sonu Sood Income Tax Update: The Central Board of Direct Taxes (CBDT) on Saturday alleged that actor Sonu Sood and his associates have evaded tax of Rs 20 crore. The board also alleged that when the Income Tax Department raided the premises of him and a Lucknow-based infrastructure group associated with him, it was found that he had disbursed his “unaccounted income in the form of bogus unsecured loans from several fictitious entities”. shown.Also Read – Shiv Sena’s taunt, ‘BJP used to praise Sonu Sood, now considers him ‘tax thief’

It also accused Sood of violating the Foreign Contribution Regulation Act (FCRA) while raising funds from abroad. The actor made headlines last year for helping migrants reach their home states during the nationwide lockdown in the wake of the Kovid-19 pandemic. Also Read – IT expands the scope of investigation against Sonu Sood, raids on many premises in Mumbai, Nagpur, Jaipur

The Income Tax Department had raided the premises of the 48-year-old actor and Lucknow-based business group on September 15 and the CBDT said that the raids are still on. “Evidence relating to tax evasion has been found during the searches at the premises of the actor and his associates,” the CBDT said in a statement. Also Read – Income Tax Department team reached Sonu Sood’s house again, surveyed 6 properties on Wednesday

“The main method followed by the actor was that he used to convert his unaccounted income into bogus unsecured loans from several bogus entities,” it said. Usage information has been received and during the course of investigation their providers have admitted to providing “fake” entries (transaction entries in accounts).

The policy-making body for the tax department said, “They (the ones who provided the entries) have admitted to issuing checks in lieu of cash. There are many instances when receipts have been suppressed as loans in the books of accounts for the purpose of tax evasion.

It said these bogus loans were used to “invest and buy properties”. “Tax evasion amounting to more than Rs 20 crore has been detected so far,” the statement said. Official sources also gave this information about Sood. The statement also talks about Sood’s charitable organization, which was formed last year during the outbreak of Kovid-19.

It said, “The charity organization established by the actor on July 21, 2020, has collected donations of Rs 18.94 crore since April 1, 2021, out of which about Rs 1.9 crore has been spent for various relief works and the remaining Rs. 17 crore rupees are lying in the bank account of the organization, which have not been used.

The statement alleged that it was found that in violation of FCRA norms, the charitable organization also raised funds amounting to Rs 2.1 crore from foreign donors through a crowdfunding platform.

The actor started a joint venture with the Lucknow-based infrastructure group and “invested a lot of money” in it, the statement said. The board said the tax department has found evidence relating to tax evasion and irregularities in the books of accounts.

The CBDT said, “The raids revealed that the said group had done fraudulent billing of sub-contract expenditure and misappropriation of funds. The evidence of such fraudulent contracts which have been found so far, has come to the fore about the manipulation of more than Rs 65 crores of money.

Evidence of unaccounted cash spending, unaccounted sale of junk and unaccounted cash transactions from digital data has also been found. The Lucknow-based group has “suspicious fraudulent transactions of Rs 175 crore with a Jaipur based company”.

“Investigation is on to ascertain the total amount of tax evaded,” it said. The CBDT said that Rs 1.8 crore in cash has been seized during the raids and 11 lockers have been kept under ‘prohibitory orders’. A total of 28 premises are being raided in Mumbai, Lucknow, Kanpur, Jaipur, Delhi and Gurugram.

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