Quick Summary
Infosys, the renowned IT services company, disclosed receiving a substantial tax demand from the Income Tax Department, amounting to Rs 341 crore for the assessment year 2020-21. This revelation surfaced in a BSE filing made by the Bengaluru-headquartered firm on Monday. The company expressed its contemplation of filing an appeal against the order, indicating a proactive stance in managing its tax affairs. Moreover, Infosys is diligently assessing the potential impact of this order on its fin
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FAQ :
Infosys has received a tax demand of Rs 341 crore for the assessment year 2020-21.
Infosys is contemplating filing an appeal against the order.
The company is assessing the potential impact on its financial statements for the quarter and fiscal year ending March 31, 2024.
Yes, Infosys has disclosed receiving a refund order of Rs 15 crore for AY 2014-15, anticipates a refund of Rs 6,329 crore for various assessment years, and faces other tax demands totalling Rs 2,763 crore.
Infosys's financial reporting for the fourth quarter and full fiscal year 2024 is slated for April 18.
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