Sonu Sood Evaded Over Rs 20 Crore Tax : IT dept

The Income Tax (IT) department has held raids at actor Sonu Sood’s residence and office spaces for the last three days. After 72 hours of search, IT department has come to a conclusion that Sonu Sood evaded tax of over Rs 20 crore and is digging more details.

In a statement the IT department added they have found evidence that Sonu Sood is involved in tax evasion. The statement further read, Sonu Sood raised Rs 2.1 crore from overseas donors using a crowd-funding platform and this transaction falls under violation of the law – Foreign Contribution (Regulation) Act.

There are also allegations on Sonu Sood’s foundation that the actor had established last year. The actor’s foundation reportedly received Rs 18 crore donations till April this year and out of which only Rs 1.9 crore was spent and the balance Rs 17 crore has been lying unused in the non-profit bank account.

The IT department also scrutinized the loans the actor borrowed previously and learned that Sonu Sood had unaccounted income in the form of bogus unsecured loans from many bogus entities and these bogus loans have been used for making investments and acquiring properties.

These are shocking accusations and on the other hand Sonu Sood is yet to react to IT raids and the latest statement.