Sonu Sood Evaded Tax of Over Rs 20 Crore, Says Income Tax Department

© Provided by News18

After visiting his Mumbai home for the third time in a row for a search, the income tax department informed that Bollywood actor Sonu Sood evaded taxes of over Rs 20 crore. The Income Tax Department conducted a search and seizure operation at various premises of Sood in Mumbai and also a Lucknow based group of industries engaged in infrastructure development. Total 28 premises spread over Mumbai, Lucknow, Kanpur, Jaipur, Delhi, and Gurgaon have been covered in the search operation.

The department’s statement revealed that during the course of the search at the premises of the actor and his associates, incriminating evidence pertaining to tax evasion have been found. The main modus operandi followed by Sood had been to route his unaccounted income in the form of bogus unsecured loans from many bogus entities, it says.

Investigations so far have also revealed the use of twenty such entries, the providers of which, on examination, have accepted on oath to have given bogus accommodation entries. They have accepted to have issued cheques in lieu of cash. There have been instances where professional receipts have been camouflaged as loans in the books of accounts for the purpose of evasion of tax. 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, according to the report.

It is also alleged that 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 crowdfunding platform in violation of FCRA regulations.”

Sonu Sood’s humanitarian efforts during the pandemic have won him a huge fan following across the country in the past year. The 48-year-old actor was lauded for his charitable work, helping migrants and those in medical crises. He organised special flights home for migrants stranded by last year’s lockdown and in April-May. At the peak of the second wave, he was one of the most active celebs organising oxygen for Covid patients.

“The simultaneous search operations carried out at various premises of an Infrastructure group in Lucknow in which the said actor has entered into a joint venture real estate project and invested substantial funds, have resulted in unearthing of incriminating evidences pertaining to tax evasion and irregularities in the books of account,” the tax department’s statement further said.

According to the investigation, the search has revealed that the said Group is involved in bogus billing of subcontracting expenses and siphoning off of funds. “Evidences of such bogus contracts found so far are to the tune of over Rs. 65 crore. Evidence of unaccounted cash expenses, unaccounted sale of scrap and digital data evidencing unaccounted cash transactions has also been found. Further, it has been unearthed that the said Infrastructure Group/company has entered into dubious circular transaction to the tune of Rs. 175 crore with an infrastructure company based in Jaipur. Further investigations are being carried out to establish the full extent of tax evasion.

Cash of Rs 1.8 crore has been seized during the course of the search and 11 Lockers have been placed under prohibitory order.”

The search operation is still continuing and further investigations are in progress.

Read all the Latest News, Breaking News and Coronavirus News here

Internet Explorer Channel Network
News Related

OTHER NEWS

3 Zodiac signs advised to take care of their health today; Read daily horoscope to know more

Know the astrological prediction for 3 zodiac signs Leo, Libra and Aquarius today. These 3 zodiac signs are advised to take precautions on the health front as they may experience ... Read more »

Lucky Colours You Should Wear on Karwa Chauth, As Per Your Zodiac Sign

© KS Swati | India.com Lifestyle Staff Lucky Colours You Should Wear on Karwa Chauth, As Per Your Zodiac Sign. Picture Credits: Unsplash Karwa Chauth is the most auspicious occasion ... Read more »

Astro talk: 3 Zodiac signs that can't keep promises

You would agree with us when we say that it’s easier to make a promise than to fulfill it. It takes a whole lot of strength and courage to stick ... Read more »

'Forever': Kourtney Kardashian and Blink-182 drummer Travis Barker are engaged!

Kourtney Kardashian and Blink-182 drummer Travis Barker are engaged. © Associated Press Travis Barker and Kourtney Kardashian, pictured at the 2021 MTV Video Music Awards in September, confirmed their relationship ... Read more »

Former Sony Music Australia boss Denis Handlin stripped of third award over toxic workplace culture allegations

© Provided by The Guardian Photograph: Zak Kaczmarek/Getty Images The former Sony Music Australia boss Denis Handlin has been stripped of another award, the third to be revoked in the ... Read more »

Succession season three Insider: breaking down new opening credits, Kendall Roy 3.0 and MORE

© Provided by Hello! Insider Welcome to the first of HELLO!’s Insider as we break down Succession season three episode one! The episode takes place after Kendall’s explosive press conference ... Read more »

Jennifer Hawkins' daughter Frankie celebrates her second birthday

© Provided by Daily Mail MailOnline logo Jennifer Hawkins has given fans a rare glimpse inside her family’s photo album. In a post on Instagram on Monday, the 37-year-old model ... Read more »

MAFS star Michael Goonan is spotted with his son and a mystery woman

© Provided by Daily Mail MailOnline logo Michael Goonan appears to have moved on from Dutch model Sylvia Geersen after he was spotted with a mystery woman in Adelaide on Friday. ... Read more »

Biggest Loser host Ajay Rochester shares update on her diet progress

© Provided by Daily Mail MailOnline logo Ajay Rochester has given fans an update on her progress, after she revealed she is planning to follow in Rebel Wilson‘s footsteps and ... Read more »

Bengaluru expected to witness rainfall for 2 more days

Bengaluru expected to witness rainfall for 2 more days There is no respite from rain for Bengaluru as the city is expected to witness spells of rain and thundershowers for ... Read more »

Simbu's Maanaadu release postponed to November 25, clash averted with Rajinikanth's Annaatthe

Simbu’s Maanaadu release has been postponed to November 25. Silambarasan AKA Simbu’s Maanaadu, directed by Venkat Prabhu, has a new release date now. Earlier, the film was slated to hit ... Read more »

Sydney Sixers coach believes criticism of Ellyse Perry is over the top

Sydney Sixers coach Ben Sawyer has launched a defence of star allrounder Ellyse Perry, claiming the spotlight on her form and drop down the order is over the top. Perry ... Read more »

Bigg Boss 15: Tejasswi Prakash calls Jay Bhanushali a ‘sore loser' during an argument over Pratik Sehajpal; watch

© Provided by Desimartini Since the very first day of Bigg Boss 15, Tejasswi Prakash and Jay Bhanushali have been great friends. They support one another during tasks and hang ... Read more »

Texas NASCAR: Larson wins to secure final four playoffs place

© Lesley Ann Miller / Motorsport Images Race winner Kyle Larson, Hendrick Motorsports, Chevrolet Camaro HendrickCars.com Larson had to hold off multiple contenders over six restarts in the final 60 ... Read more »

Bigg Boss 15: Farah Khan teases Ieshaan Sehgaal and Miesha Iyer's budding romance

© Provided by Pinkvilla The Weekend Ka Vaar episode of the popular reality show Bigg Boss 15 was enriched with entertainment and excitement. Filmmaker-choreographer, Farah Khan was the special guest ... Read more »

Akriti Kakkar feels 'false praise' of reality show contestants can harm them more: "They get a rude shock when the show's over"

© Provided by Desimartini For a long time now, there has been a debate on how contestants of a particular singing reality show are showered with false praises. Amit Kumar, ... Read more »

Pambansang Anino Jayke Joson reveals falling-out with Senator Manny Pacquiao over money

© Provided by PEP.ph Isang longtime ally ni Senator Manny Pacquiao ang nagsalita laban sa boxing champ. Sa eksklusibong panayam ng SMNI News na inilabas sa kanilang YouTube account kagabi, ... Read more »

Gabbi Garcia's favorite Louis Vuitton bags

© Provided by PEP.ph It’s  a “dream come true” for Gabbi Garcia to have been tapped by Louis Vuitton Philippines for their local fashion campaigns. Gabbi recently had a shoot wearing ... Read more »

Angeli Pangilinan, dinenay na lilipat ng TV network si Gary Valenciano

© Provided by PEP.ph JERRY OLEA Nabulabog ang mga Kapamilya sa tweet ni Gary Valenciano noong Oktubre 15, Biyernes ng hapon. Tweet ng 57-anyos na mang-aawit: “Hi everyone. Just wanted ... Read more »

Why "buntis ka ba?" question is Lauren Young's pet peeve

© Provided by PEP.ph Hindi problema para Lauren Young ang maikumpara sa ate niyang si Megan Young, na kinoronahang Miss World 2013. Wala raw silang sibling rivalry kahit pa pareho ... Read more »

#Showbiz: Duet gets Namewee, Kimberley Chen blocked by Weibo

© Provided by New Straits Times KUALA LUMPUR: Chinese social media platform Weibo has blocked the accounts of Malaysian singer-actor Namewee and Australian singer Kimberley Chen, for their satirical duet ... Read more »

#Showbiz: 'I have to talk loudly due to the voices in my head' - Janna Nick

© Provided by New Straits Times KUALA LUMPUR: Award-winning actress Janna Nick who suffers from bipolar disorder, constantly hears voices in her head, which consequently cause her speak loudly. The ... Read more »

Italian DJ: ‘Conor MgGregor broke my nose'

The UFC star, recovering from a broken leg after his last fight, was in Rome last week with his family, where his five-month-old son Rian was christened on Friday. When ... Read more »

WATCH: Samantha Ruth Prabhu lifts a 30 kg dumbbell which is 'half her size'

© Provided by Zee News New Delhi: South sensation Samantha Ruth Prabhu recently shared a video of herself performing squats with a heavy 30 kg dumbbell in the gym with ... Read more »

WATCH: Shilpa Shetty stuns fans as she gets undercut buzz cut, writes a powerful caption

© Provided by DNA Experimenting with one’s hair is always a carefully considered decision. It’s never easy to change the colour, cut, or style of your hair. We frequently look ... Read more »

Bigg Boss 15: Tejasswi Prakash & Jay Bhanushali have differences during a task, former calls him ‘sore loser'

© Provided by Pinkvilla With the start of the new week in the show, there will be a new captain in the house. In the recent promo of the show ... Read more »

Vicky Kaushal says 'Udham macha diya' as he thanks fans for the terrific response to Sardar Udham

© Provided by Pinkvilla Vicky Kaushal has probably got the nation looking at him once more with a new eye as his latest film Sardar Udham released on Saturday. The ... Read more »

Pankaj Batra's 'Fuffad Ji' first look released

© Glamsham/Instagram/Twitter Pankaj Batra’s ‘Fuffad Ji’ first look released Punjabi cine-goers are excited as they get to witness back-to-back hits at the cinemas near them. After films like Puaada and ... Read more »

Meghana Raj announces her comeback to films on late Chiranjeevi Sarja's birthday

© Provided by Pinkvilla Meghana Raj announced her comeback to films after 2 years of her husband’s Chiranjeevi death. She will be returning to films with Vishal’s upcoming untitled project ... Read more »

Farhan Akhtar shares a mushy pic with Shibhani Dandekar and it is all about unconditional love

© Provided by Pinkvilla Farhan Akhtar and Shibani Dandekar are head over heels in love with each other and there are no second thoughts about it. The power couple has ... Read more »

Vicky Kaushal talks about his struggling days in Bollywood: 'I got rejected in thousand auditions but...'

© Provided by Hindustan Times Vicky Kaushal was recently seen in the biopic Sardar Udham. Actor Vicky Kaushal opened about his struggling days when he gave many auditions to become ... Read more »

Spirit: Major update on Kareena Kapoor Khan's role in Prabhas - Sandeep Reddy Vanga's film

© Provided by BollywoodLife.com South superstar Prabhas is all set to entertain his fans with his upcoming films including Radhe Shyam, Project K, Salaar, and Adipurush. Well, recently it was ... Read more »

Check Out Manoj Tiwari's First Wife Rani's Romantic Pics With Boyfriend Ekam Bawa

© Provided by Lehren Check Out Manoj Tiwari’s First Wife Rani’s Romantic Pics With Boyfriend Ekam Bawa Bhojpuri actor-politician Manoj Tiwari’s first wife Rani Tiwari aka Pratima Pandey is currently ... Read more »

Rhea Kapoor Won't Celebrate Karva Chauth, Asks Those Who Call Her “Silly” To “Move On”

© Provided by iDiva Filmmaker and celebrity stylist Rhea Kapoor tied the knot with her beau of 12 years, Karan Boolani, in August this year. Recently, she took to Instagram ... Read more »

Why Sushmita Sen Doesn't Allow Boyfriend Rohman Shawl To Gift Her Diamonds?

© Provided by Lehren Why Sushmita Sen Doesn’t Allow Boyfriend Rohman Shawl To Gift Her Diamonds? Sushmita Sen is an inspiration to millions of women. Be it her achievements in ... Read more »

Ben Affleck spends a bit of quality time with his son Samuel in LA

© Provided by Daily Mail MailOnline logo Ben Affleck was spotted spending a bit of quality time with his son, Samuel, in Santa Monica on Sunday. The 49-year-old actor and ... Read more »

Channing Tatum weighs in on Dave Chappelle controversy: ‘I hate that he has hurt so many people'

© Getty Channing Tatum and Dave Chappelle – Getty Channing Tatum has shared his thoughts on the controversy surrounding Dave Chappelle’s recent Netflix comedy special, The Closer. Chappelle had been ... Read more »

Sinead Kennedy celebrates seventh wedding anniversary a bit differently

© Provided by Evoke.ie RTE presenter Sinead Kennedy has posted an adorable snap celebrating her seventh wedding anniversary to husband Conor Kirwan. The Today presenter, who recently celebrated her 38th ... Read more »

Pune Actor Abhishek Deshmukh to Take Short Break From 'Aai Kuthe Kay Karte'

© Provided by News18 Abhishek Deshmukh, who stars in the popular Marathi television show “Aai Kuthe Kay Karte”, has taken a short break from the show. Abhishek, who plays the ... Read more »

Silambarasan TR's Maanaadu release postponed to avoid clash with Rajinikanth's Annaatthe

© Provided by Pinkvilla Silambarasan TR’s film Maanaadu with director Venkat Prabhu was scheduled to release on November 4, during Diwali. However, the makers have now postponed the film’s release ... Read more »