![Infosys will receive a windfall tax refund from the income tax department totaling ₹6,329 crore Infosys will receive a windfall tax refund from the income tax department totaling ₹6,329 crore](https://i0.wp.com/hcptimes.com/wp-content/uploads/2024/03/Infosys.png?fit=150%2C150&ssl=1)
Infosys will receive a windfall tax refund from the income tax department totaling ₹6,329 crore
The income tax department is going to give IT giant Infosys Ltd a tax refund of ₹6,329 crore. However, the business is also facing a significant tax obligation of ₹2,763 crore based on assessment orders. The instructions comply with various provisions delineated in the Income Tax Act of 1961. These reimbursements, which cover accumulated interest…