nfosys | Tax Orders
– Infosys Ltd received tax orders from the Indian government, expecting a refund of INR 6,329 crores for certain years.
– They also received tax demands totaling INR 2,767 crores for other years. Subsidiaries got tax orders totaling INR 277 crores. They're assessing the impact and considering appeals.
– Additionally, a subsidiary got refunds totaling INR 14 crores. These orders exceed materiality criteria and are disclosed for transparency