Investment5 Aug 2025, 10:51 pm
3i Infotech Subsidiary Entitled to Additional USD 2.26 Million Grant
AI Summary
3i Infotech Ltd. has announced that its US subsidiary, 3i Infotech Inc., USA, has received an intimation of overpayment from the Internal Revenue Service, Department of Treasury, Cincinnati, USA. This intimation, received on August 4, 2025, entitles the US subsidiary to an additional grant of USD 2,260,973.87 under the 'Employee Retention Tax Credit' Scheme. This is in addition to the previously announced grant of USD 2,144,816.87, bringing the total grant entitlement under the scheme to USD 4,405,790.74.
Key Highlights
- 3i Infotech's US subsidiary receives intimation of overpayment from Internal Revenue Service
- Entitled to an additional grant of USD 2,260,973.87 under the 'Employee Retention Tax Credit' Scheme
- Total grant entitlement under the scheme stands at USD 4,405,790.74