In a latest development, the Income department raided several premises of a popular actor in Mumbai as part of their search and seizure operation. According to reports, the actor might be Sonu Sood and the quick raid found some incriminating evidence related to tax evasion.
After initial investigation, the Central Board of Direct Taxes reportedly believes the actor was routing his unaccounted income as unsecured loans from many bogus organizations. The total amount of tax evasion is said to be more than Rs 20 crore.
As per reports, the IT raid was conducted for three days in a row to unearth substantial evidence of tax evasion. The actor's non-profit allegedly managed 2.1 crores funded by donors outside India violating the Foreign Contribution (Regulation) Act that keeps a tab on these transactions.
As per IT department claims Sonu Sood whose social works for COVID-19 affected families received appreciation from all corners, with his non-profit organization amid the Covid first wave earned donations of more than 18 crore till April this year. Among these, 1.9 crore was spent on relief work and the rest 17 crore remained unused in the non-profit's bank account.
