Infosys’ tax liability reduced by over Rs 1,200 cr to Rs 1,505 cr
Infosys Ltd said the income tax department has reduced its tax liability by Rs 1,258 crore to Rs 1,505 crore for the assessment year 2022-23. On March 31, the company had said it faces a significant tax liability of Rs 2,763 crore, according to assessment orders. Infosys informed the exchanges on May 2 that it does not expect any impact on the financial statement from such rectification.
03 May 2024 | 01:46 PM