NEW DELHI: Actor Sonu Sood has siphoned off more than Rs 20 crore worth in taxes, after a three-day search of his Mumbai offices & residence, the Income Tax Department said in a statement today.
According to the Income Tax Department, the Sood Charity Foundation, a non-profit organization, has also launched a “crowdfunding platform”, with which the org has raised nearly 19 crore rupees. The non-profit organization has also violated the Foreign Contribution (Regulation) Act, by raising nearly 2.1 crore rupees from foreign donors, added the IT Department.
The Department of Revenue also said that criminal evidence of tax fraud was found during the search of the home of the actor Sonu Sood and his associates. Our goal was to find and track a way to make his non-accountable income, which comes as a loan from many fraudulent institutions without mortgages, accountable.
There have been 20 such “entries” so far, according to the investigation. People involved in the fraud have admitted it. They also believe that the “cheques” were issued in exchange for cash. The fraudulent loans have been used for investment and property purchases. The IT Department has so far revealed more than Rs.20 crore in tax funky funds.