Search

Download App

Startup Showcase

Join our whatsapp channel for quick updates

Switch theme

Blog . Feedback . Privacy

© 2024 Medial Tech Pvt. Ltd.

News Post

Tech giant Infosys to receive windfall tax refund of Rs 6,329 crore from I-T department

IndianStartupNews

IndianStartupNews · 6m

Tech giant Infosys to receive windfall tax refund of Rs 6,329 crore from I-T department

Indian technology company Infosys is set to receive a tax refund of around $750 million from the Income Tax Department. The refund covers multiple assessment years from 2007-08 to 2018-19. However, Infosys also faces tax liabilities of about $360 million for the assessment year 2022-23 and a demand of $540,000 for the year 2011-12. Additionally, several subsidiaries of Infosys have received assessment orders, resulting in a collective tax demand of approximately $37 million. The company is evaluating the implications of these orders on its financial statements and may appeal against them.

4

Comments

Jugal H

Jugal HCreative Director | Entrepreneur | Spiri....

Ohh lovely. Finally will get to see some rally in the beaten down Stock now! 🚀

Reply

0

6 months ago

More Like this

Infosys to receive windfall tax refund of ₹6,329 crore from IT department

Infosys to receive windfall tax refund of ₹6,329 crore from IT department

Mensa closed FY23 with Rs 1,317 Cr revenue and Rs 329 Cr loss

Mensa closed FY23 with Rs 1,317 Cr revenue and Rs 329 Cr loss

Infosys receives tax demand of ₹341 crore

Infosys receives tax demand of ₹341 crore

Nvidia’s new AI chip delayed due to design flaws, says report | Mint

Nvidia’s new AI chip delayed due to design flaws, says report | Mint

Rapido turns unicorn post $120 million funding from WestBridge Capital

Rapido turns unicorn post $120 million funding from WestBridge Capital

Infosys gets demand notice of ₹341 crore from income tax department

Infosys gets demand notice of ₹341 crore from income tax department

Agri Picks Report September 26, 2024: Geojit Financial Services

Agri Picks Report September 26, 2024: Geojit Financial Services

Trade Spotlight: How should you trade Nestle, Alkem Labs, Hindustan Copper, BHEL, and others on Tuesday?

Trade Spotlight: How should you trade Nestle, Alkem Labs, Hindustan Copper, BHEL, and others on Tuesday?

GlobalBees raises $18 Mn in debt from Avendus

GlobalBees raises $18 Mn in debt from Avendus

OpenAI closes $6.6 billion funding haul with investment from Microsoft, Nvidia

OpenAI closes $6.6 billion funding haul with investment from Microsoft, Nvidia

Top Users

Trending Posts on Medial

Can anyone suggest to me the best tool for creating a frontend super fast? I know HTML, CSS, js ....

Amit Syngle: Millionaires You Won't Hear about anywhere else. Amit Syngle's journey from a modest ....

🦾AI model training comes with significant costs. This chart highlights the estimated expenses for t ....

Top News of the Week: 1. Funding: - 21 Indian startups raised around $92.63 million in funding. Th ....

Podcast Listening Insights: This infographic compares the percentage of occasional and frequent podc ....

can someone tell me how can we reach to VC's and investors when we are on idea stage and what we can ....

You know those moments when someone surprises you with their perspective? The people I know, love, ....

who's Your Idol and what one qualities that you like the most in them that you wanna to implement in ....

Social Saturday: Social Media Trends and Community Building Explore exciting trends shaping social ....

"🌟 Meet the Titans of Innovation! 🌍💼 From media and space flight to fintech and software, these ....

Download the medial app to read full posts, comements and news.