Infosys receives Rs 341 crore notice from income tax, share prices will be affected – India TV Hindi

Infosys- India TV Paisa

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Country’s leading software company Infosys said it has received a tax demand notice of Rs 341 crore from the Income Tax Department for the year 2020-21. Let us tell you that this tax demand notice has been issued to the company under various sections of the Income Tax Act.

Information provided by Infosys in its exchange filing regarding the notice said that the company is currently evaluating the impact of the notice on its fourth quarter results and the possibility of filing an appeal against the order. Also reviewing. Also, the company said that one of its subsidiaries has received a tax refund of Rs 15 crore for the year 2014-15. The company is also evaluating the impact of this refund on its fourth quarter results.

6,329 crore tax refund received.

Earlier recently, the company had informed 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.

The share closed in red mark.

Shares of Infosys closed at Rs 1497.50, marginally down by 0.037 per cent or Rs 0.55 in the Monday (April 01) trading session on the NSE. At the same time, the stock closed at Rs 1495.80, marginally down by 0.20 percent or Rs 3 on the BSE.

The company had earned 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. The company’s revenue during this period was around Rs.1.46 lakh.

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