The Income Tax department has launched a massive tax evasion probe against Bollywood actor Sonu Sood spanning 28 locations and 6 cities. After the large-scale search and seizure operations at various premises, the IT department has found ‘incriminating evidence’ pertaining to tax evasion of Rs. 20 crore.
As per the financial watchdog, the unaccounted income of Sonu Sood in the form of ‘bogus unsecured loans and entities’ have been unearthed. The IT Department has also revealed that there have been instances where professional receipts have been camouflaged as loans in the books of accounts for the purpose of evasion of tax.
Five major allegations by the Income Tax Department against Sonu Sood –
1. Donations worth 18.94 cr collected, only 1.9 cr used
According to the IT Department, the bogus transactions date back to June 2020 when Sonu Sood incorporated a charitable foundation for various COVID-19-related relief work. The IT Department states that the…