Sonu sood news income tax

Sonu sood

Sonu sood news income tax; The I-T department carried out a search and seizure operation at multiple locations in Mumbai associated with him. As well as a Lucknow-based group of infrastructure development companies. The search operation covered 28 locations in Mumbai, Lucknow, Kanpur, Jaipur, Delhi, and Gurgaon.

The I-T agency claims to have discovered proof of tax evasion; during searches performed at the actor’s and his associates’ homes. According to I-T department sources, the actor’s method; was to route his undeclared income through a series of phoney unsecured loans from a variety of fictitious organisations.

Sonu Sood is accused of evading approximately Rs 20 crore in taxes by the Income Tax Department. Officials from the I-T department performed surveys at several locations connected to the actor.

The Internal Revenue Service claims to have discovered evidence of tax evasion during searches; performed at the actor’s and his associates’ homes. According to I-T department sources, the actor’s method was to route his undeclared income through a series of phoney; unsecured loans from a variety of bogus organisations.

News income tax

According to the agency, there have been occasions where professional receipts have been hide; as loans in account books to avoid paying taxes.

According to the government, the investigations have so far revealed the usage of 20 such entries, the providers of which have admitted under oath to providing false accommodation entries. They have agreed to issue cheques instead of cash, according to the I-T department.

The search resulted in the seizure of Rs 1.8 crore in cash; as well as the prohibition of 11 lockers, according to the department. The search is still going on.

Moreover, According to the department, the infrastructure group/company engaged in a questionable circular transaction; worth Rs 175 crore with a Jaipur-based infrastructure firm. To determine the actual degree of tax avoidance, more investigations are being conducted.

Leave a Reply

Your email address will not be published. Required fields are marked *