Sonu Sood evaded taxes amounting to over Rs 20 cr: I-T dept
Mumbai: In a statement issued after conducting searches, the Central Board of Direct Taxes (CBDT) said Bollywood star Sonu Sood has evaded taxes amounting to over Rs 20 crore.
According to the CBDT statement, the actor evaded tax by routing his "unaccounted income in the form of bogus unsecured loans from many bogus entities." These bogus loans were used for making investments and acquiring properties too.
It added, “Investigations so far have 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,” it said.
Last week, the income-tax department conducted surveys for three days on the premises of actor Sonu Sood in connection with alleged tax evasion. They surveyed at least six properties in Mumbai and Lucknow, all linked to the actor.
Sood recently became the brand ambassador for the Delhi government’s mentorship programme for school students.
