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Infosys Ltd To Challenge New Tax Demand Of INR5770 Million-Business Standard

Wednesday, 24 Jul 2013 10:08am EDT 

Business Standard reported that Infosys Ltd would challenge a INR5769 million income tax demand raised by Indian authorities earlier this month. The demand relates to certain tax benefits on income from software development done overseas at the clients' location and revenue from special economic zones in India, Infosys said in a statement. 

Company Quote

-24.65 -1.24%
6:11am EDT