Legal27 Mar 2025, 03:42 am
Infosys Ltd Expects INR 2,949 Crores Refund from Income Tax Department
AI Summary
Infosys Ltd has received orders under Section 250 of the Income Tax Act, 1961 from the Income Tax Department, Government of India for assessment years 2016-17 & 2019-20. The orders are expected to result in a refund of INR 2,949 crores (including interest) for the Company. The Company is currently evaluating the implications of these orders on the financial statements for the quarter and year ending March 31, 2025.
Key Highlights
- Infosys Ltd received orders from the Income Tax Department for assessment years 2016-17 & 2019-20
- The orders are expected to result in a refund of INR 2,949 crores (including interest) for the Company
- The Company is evaluating the implications of these orders on the financial statements for the quarter and year ending March 31, 2025