After Rs 350 crore IT recovery, Congress MP Dhiraj Sahu revises IT returns, pays tax on Rs 150 crore

Congress Rajya Sabha member Dhiraj Sahu, who was in the news following a Rs 350 crore cash recovery from his premises, has revised his income tax returns and paid taxes for Rs 150 crore, according to sources.

He contended that a portion of the recovered cash pertained to business transactions in the current financial year, necessitating filing in the next fiscal year. Of the total cash recovered, Rs 50 crore remains unexplained, leading to anticipated penalties and taxes, sources told ANI.

According to sources, Sahu attributed this cash to business turnover, leaving the resolution for the upcoming return filings in July. The revision of returns is permissible to rectify errors or omissions under income tax rules.


The businessman-turned-politician has argued that some of the cash recovered related to business conducted during the current financial year, for which returns are to be filed only in the next financial year. On the remaining amount, Rs 50 crore remains unexplained on which the Income Tax department will levy penalty and tax, sources said.

Congress MP Dhiraj Sahu’s decision to revise his income tax returns and pay taxes on a portion of the seized cash comes after the Income Tax department's scrutiny. The remaining amount of Rs 50 crore is still under investigation, highlighting the importance of compliance with tax regulations.