Indian IT company Infosys faces a $4B tax demand over global branch services (2017-21).

Indian IT services company Infosys has been served a tax demand of approximately $4 billion from the country's tax authority, citing services received by Infosys from its overseas branches. The company, which has paid all its tax dues, is in the process of responding to the notice. The tax demand relates to services sourced from international branches between 2017 and 2021, and Infosys states that it believes tax is not applicable to the dealings. The company has complied with all central and state regulations and is currently under investigation.

July 31, 2024
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