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Infosys Ltd To Appeal Against Tax Demand-Business Standard

Monday, 20 May 2013 06:25am EDT 

Business Standard reported that Infosys Ltd would appeal against the notice of the income tax department demanding INR5.77 billion as outstanding dues for fiscal 2008-09. Admitting that it had also received an assessment order for fiscal 2009-10, demanding a net tax of INR5.77 billion, the Company said the assessment followed similar orders for fiscal 2007-08 and 2008-09 when tax benefits on income from onsite software development and revenue from SEZ (special economic zone) were not allowed. 

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0.25 +0.45%
30 Jul 2014