The country’s leading software company Infosys informed that it has received a tax demand notice of Rs 341 crore from the Income Tax Department for the assessment year 2020-21. Let us tell you, this tax demand notice has been given to the company under various sections of the Income Tax Act.
In the information given by Infosys in its exchange filing regarding the notice, it was said that the company is currently evaluating the impact of this notice on its fourth quarter results and is also evaluating the situation for filing an appeal against this order. Is. Apart from this, the company informed that one of its subsidiaries has received a tax refund of Rs 15 crore for the assessment year 2014-15. The company is also evaluating the impact of this refund on its fourth quarter results.
Got tax refund of Rs 6,329 crore
Earlier recently, it was told by the company that as per the assessment orders, the country’s second largest IT firm is going to get a tax refund of Rs 6,329 crore with a tax liability of Rs 2,763 crore. The said refund, including interest, pertains to assessment years 2007-08 to 2018-19.
Share closed in red mark
Infosys shares closed at Rs 1497.50 with a marginal decline of 0.037 per cent or Rs 0.55 on NSE in Monday’s (April 01) trading session. At the same time, the share closed at Rs 1495.80 on BSE with a slight decline of 0.20 percent or Rs 3.
The company had made a profit of Rs 24,108 crore in the financial year.
Let us tell you, Infosys is the second largest IT company in the country. In the financial year 2022-23, the company had earned a profit of Rs 24,108 crore. During this period the company’s income was around Rs 1.46 lakh.
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