Infosys Limited ( (IN:INFY) ) has shared an announcement.
Infosys Limited has disclosed to stock exchanges that it has received several penalty orders from the Office of the Deputy Commissioner of Commercial Taxes and the Assistant Commissioner of State Tax in Karnataka. These penalties, totaling approximately INR 1.76 million, are related to alleged excess and ineligible Input Tax Credit (ITC) claims and short tax payments for the fiscal year 2020-21. Despite these penalties, Infosys has stated that there is no material impact on its financials, operations, or other activities.
More about Infosys Limited
Infosys Limited is a global leader in technology services and consulting, providing a range of services including IT consulting, software development, and business process management. The company operates in various markets worldwide, focusing on digital transformation and innovation for its clients.
YTD Price Performance: -10.34%
Average Trading Volume: 201,898
Current Market Cap: 7326.3B INR
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