I have used ethyl acetate (the most reported solvent for extracting dyes and their degraded products) but the problem is i am unable extract the original dye solution, can any body suggest me some other solvent or something?
Those often contain sulfonic acid groups which make the dyes soluble in water, but nor so much in organic solvents. Have you considered solid-phase extraction (SPE) on C18? There are "AQ" types of C18 that seem to work very well for these sort of water soluble compounds.