Sonu Sood releases statement after alleged 20 crore tax evasion: Every rupee of my foundation is waiting its turn to reach the needy – Times of India

Sonu Sood Recently Income Tax officials raided their premises and reported tax evasion of Rs 20 crore. The actor was accused of violating the Foreign Contribution Regulation Act while allegedly raising donations from abroad, with the IT department also stating that the actor collected Rs 19 crore through his charity foundation, but only from the fund. 2 crores utilized.

Responding to the allegations, Sonu Sood issued a statement on social media saying that he would use the ‘money received from his foundation’ for the needy. He said that he was busy attending to ‘guests’, pointing out that This Officers, for the last four days and had returned to serve everyone.

“You don’t always have to tell your side of the story. Time to u. I have committed myself to serve the people of India with all my might and heart. Every rupee of my foundation saves a precious life and helps the needy. Also, on several occasions, I have encouraged brands to donate their endorsement fees to humanitarian causes as well, which keeps us going. I serve some guests I am busy so am not able to come to your service since last 4 days. Here I am back again with complete humility. In your humble service, to live. My journey continues,” had shared Sonu Sood .

According to a TOI report, cash worth Rs 1.8 crore has been seized and 11 lockers have been placed under prohibitory orders. Quoting IT officials, the report said, “The main methodology adopted by the actor was to route his unaccounted income from fictitious entities in the form of bogus unsecured loans. The investigation revealed the use of 20 such entries, Those whose providers have taken an oath to give fake residence entries on verification. They have accepted to issue checks for cash.”

.