Check out Sonu Sood’s statement on 20 crore of tax avoidance

Sonu Sood as of late went came under fire after Income Tax authorities raided his premises and a tax avoidance of Rs 20 crore was reported. The entertainer was purportedly blamed for abusing the Foreign Contribution Regulation Act while raising gifts from abroad, the I-T office had likewise expressed that the entertainer gathered Rs 19 crore through his cause establishment however utilized just Rs 2 crore out of the asset.

Responding to the claims, Sonu Sood gave an assertion via social media, communicating that ‘every rupee from his foundation’ will be used for the needy. He stated that he was busy attending to ‘guests’, indicating the IT authorities, for the beyond four days and had returned to serve everybody.

“You don’t always have to tell your side of the story. Time will. I have pledged myself to the service of the people of India with all my strength and heart. Every rupee in my foundation is awaiting its turn to save a precious life and reach the needy. In addition, on many occasions, I have encouraged brands to donate my endorsement fees for humanitarian causes too, which keeps us going. I have been busy attending to a few guests hence was unable to be at your service, for the last 4 days. Here I am back again in all humility. At your humble service, for life. My journey continues,” Sonu Sood had shared.

As per the reports cash worth, Rs 1.8 crore has been seized and 11 storage spaces have been submitted under prohibitory request. Citing I-T specialists, the report expressed, “The main modus operandi followed by the actor had been to route his unaccounted income in the form of bogus unsecured loans from bogus entities. Probes have revealed the use of 20 such entries, the providers of which, on examination, have accepted on oath to have given bogus accommodation entries. They’ve accepted to have issued cheques instead of cash.”