Infosys seeks a ₹6,329 crore refund and faces ₹2,763 crore tax demand notices for 2007-19.
Infosys, India's second-largest IT services company, expects a refund of ₹6,329 crore from the Income Tax Department for the assessment years 2007-08 to 2018-19. The company has also reported receiving tax demand notices for various assessment years, totaling ₹2,763 crore, including interest. Infosys is currently evaluating the implications of these orders on its financial statements for the quarter and year ending March 31, 2024, and is also considering filing appeals against the orders.
March 31, 2024
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