Infosys Refund

Infosys expects a refund of Rs 6,329 crore from the Income Tax Department, the country's second largest IT services company said. It also informed the stock exchanges about tax demand to the tune of Rs 2,763 crore, citing various assessment orders.

According to a report, some income tax officials and a few staffers of Infosys filed revised tax returns using forged documents in the names of 250 taxpayers and claimed refunds illegally.

Employees of over 50 prominent and medium-sized companies in Bengaluru are under the scanner of the department.

West Bengal Urban Development Minister Firhad Hakim on Tuesday denied receiving any intimation from Infosys regarding repayment of the money the company had advanced in connection with a proposed software development centre at Rajarhat.

Infosys expects a refund of Rs 6,329 crore from the Income Tax Department, the country's second largest IT services company said. It also informed the stock exchanges about tax demand to the tune of Rs 2,763 crore, citing various assessment orders.

According to a report, some income tax officials and a few staffers of Infosys filed revised tax returns using forged documents in the names of 250 taxpayers and claimed refunds illegally.

Employees of over 50 prominent and medium-sized companies in Bengaluru are under the scanner of the department.

West Bengal Urban Development Minister Firhad Hakim on Tuesday denied receiving any intimation from Infosys regarding repayment of the money the company had advanced in connection with a proposed software development centre at Rajarhat.