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

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…

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