Income Tax Department has accused Sonu Sood of tax evasion.
New Delhi: The Central Board of Direct Taxes (CBDT) has 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 misappropriated his “unaccounted income in the form of bogus unsecured loans from several fictitious entities”. ‘ Shown.
It also accused Sood of violating the Foreign Contribution Regulation Act (FCRA) while raising funds from abroad. 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. Also Read – Shiv Sena’s taunt, ‘BJP used to praise Sonu Sood, now considers him ‘tax thief’
The CBDT said in a statement, “Evidence relating to tax evasion has been found during the raids on the premises of the actor and his associates”. Many used to convert from fake entities into fake unsecured loans.”
The use of 20 such entries has been reported so far and during the course of investigation their providers have admitted to providing “fake” entries (entries of transactions in accounts), the statement said. 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 hidden 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 mentions Sood’s charitable organization, which was formed last year during the outbreak of Kovid-19.
The actor made headlines last year by helping migrants reach their home states during the nationwide lockdown in the wake of the Kovid-19 pandemic. The Delhi government led by Chief Minister Arvind Kejriwal recently announced that Sood will be the brand ambassador of the Aam Aadmi Party government’s ‘Desh Ke Mentors’ programme, under which students will be guided for their career choices. Kejriwal had said on Saturday that the prayers of lakhs of families of India are with Sood, who found his support in difficult times.
The CBDT statement read, “The Parmarth Sangathan, established by the actor on July 21, 2020, has collected donations of Rs 18.94 crore since April 1, 2021 till date, out of which about Rs 1.9 crore has been spent for various relief works. And the remaining Rs 17 crore is lying in the bank account of the organization, which has not been used.
The statement alleged that it was found that the charitable organization, in violation of FCRA norms, also raised funds amounting to Rs 2.1 crore from foreign donors through a crowdfunding platform. The statement said the actor started a joint venture with a Lucknow-based infrastructure group and “invested a considerable amount of money” in it. Is.
The CBDT said, “The raids revealed that the said group has done fraudulent billing of sub-contract expenditure and misappropriation of funds. Evidence of such fraudulent contracts has been found so far, it has come to the fore of money laundering of more than 65 crores. Huh. The Lucknow-based group has “suspicious fraudulent transactions of Rs 175 crore with a Jaipur based company”.
It said, “Investigation is on to ascertain the total amount of tax evasion done.” ‘ has been placed under. A total of 28 premises are being raided in Mumbai, Lucknow, Kanpur, Jaipur, Delhi and Gurugram.