Sonu Sood is perhaps being investigated by IT dept over 20 crore tax evasion

Recently, income tax department raided some premises of actor Sonu Sood in Mumbai and according to the reports, some incriminating evidence may have been found against Sonu Sood in relation to tax evasion.

Central Board of Direct Taxes may be of the belief that Sonu Sood was routing his unaccounted income as unsecured loans from various bogus organizations.

“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 Rs. 20 crore,” I-T authorities said.

“The Charity Foundation incorporated by the actor on 21st July, 2020 has collected donations to the tune of Rs 18.94 crore from 01.04.2021 till date, out of which it has spent around Rs. 1.9 crore towards various relief work and the balance of Rs. 17 crore has been found lying unutilized in the bank account of the Foundation till date. It is seen that funds to the tune of Rs. 2.1 crore have also been raised by the Charity Foundation from overseas donors on a crowd funding platform in violation of FCRA regulations,” according to I-T.

As part of their search and seizure operation, IT department has also raided a Lucknow builder who is accused of possessing more than 65 crores rupees of unaccounted income. However, about both the cases, the investigation is still going on