Section

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

By Economic Times - 9 months ago
Congress Rajya Sabha member Dhiraj Sahu has revised his income tax returns and paid taxes for Rs 150 crore, following a Rs 350 crore cash recovery from his premises. He stated that a portion of the recovered cash pertained to business transactions in the current financial year, requiring filing in the next fiscal year. Rs 50 crore remains unexplained, leading to anticipated penalties and taxes. Sahu argued that some of the cash recovered related to business conducted during the current financial year, for which returns are to be filed in the next financial year.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.