Infosys Tax Demand
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Infosys $4 Billion Tax Demand Likely To Be Withdrawn After Backlash: Report
India is likely to retract its demand that Infosys pay $4 billion in back taxes after weeks of lobbying by the IT giant and an onslaught of criticism from the software services industry, said two government sources with direct knowledge of the plan.
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Centre Not To Relax $4 Billion Tax Demand To Infosys: Report
The central government is not considering any relaxation over the 320 billion rupees ($4 billion) tax demand it sent to Infosys, according to a government source.
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India May Send Tax Notices To More IT Firms After $4 Billion Demand To Infosys: Report
Tax officials may issue notices soon to more major infotech services firms in a scrutiny of alleged evasion of tax on services by their overseas offices, a government source said, a day after Infosys was slapped with a $4-billion tax demand.
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Infosys Receives Rs 341 Crore Tax Demand For Assessment Year 2020-21
Infosys has received a tax demand of Rs 341 crore for assessment year 2020-21 from the Income Tax Department, the IT services company said on Monday adding it is evaluating filing an appeal against the said order.
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Expecting Refund Of Rs 6,329 Crore From Income Tax Department, Says Infosys
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.
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UK Opposition Questions Tax Status Of Narayana Murthy's Daughter
The UK Opposition has questioned the non-domicile tax status of India-born Akshata Murthy, daughter of Infosys co-founder Narayana Murthy, and demanded an urgent explanation from her husband - UK Chancellor Rishi Sunak.
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UK Chancellor Rishi Sunak Drawn Into In-Law Narayana Murthy Amazon Tax Dispute: Report
Cloudtail — the online retailing joint venture of Infosys co-founder N. R. Narayana Murthy's firm and Amazon — faced a GBP 5.5 million (roughly Rs. 56.83 crores) demand, including interest and penalties, from tax authorities after it paid "meagre" taxes over the past four years, a media report said.
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Rishi Sunak Drawn Into Father-In-Law Narayana Murthy Amazon Tax Dispute: Report
Cloudtail India Pvt Ltd - the online retailing joint venture of Infosys co-founder NR Narayana Murthy's firm and Amazon.com - faced a 5.5 million pounds demand from tax authorities after it paid "meagre" taxes over the past four years, a media report
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Three Infosys Techies Arrested In Bengaluru For Fraud
Three software engineers working with Infosys were arrested in Bengaluru on charge of cheating by contacting income tax payers and demanding money on the pretext of ensuring tax rebates, the police said on Monday.
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Wipro gets fresh tax demand of Rs. 816 crore
Wipro has been slapped with an over Rs. 816 crore claim by tax department, becoming the latest IT company to have got such a notice after Infosys, WNS and iGate.
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Taxmen slap fresh demand of Rs 816 crore on Wipro
Wipro stated that the "resolution of these legal proceedings is not likely to have a material and adverse effect on the results of operations" or the financial position of the company.
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Unsettled tax demands worth Rs 738 crore: iGate
After WNS and Infosys, iGate is the latest to face tax issues in India with the US-based outsourcing firm having an "unsettled" tax demand of $132.7 million (about Rs 738 crore) for assessment years 2004-05 to 2009-10.
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Infosys to challenge new tax demand of Rs 577 crore
Infosys, India's No. 2 software services exporter, said on Monday it would challenge a Rs 577 crore ($105.3 million) income tax demand raised by Indian authorities earlier this month.
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I-T department slaps Rs 582 crore tax demand notice on Infosys
The income tax department has slapped a fresh $106 million (about Rs 582 crore) tax demand notice on Infosys, for fiscal year 2009, adding to the tax woes of India's second largest IT firm.
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Govt slaps Rs 450-cr tax demand on Infosys
The Income Tax Department has slapped a tax demand of over Rs 450 crore on software giant Infosys Technologies for wrongfully claiming tax exemption on onshore services by declaring them as software exports, Parliament was informed on Friday. Onshore software development is the practice wherein Indian companies send their software engineers...
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Infosys $4 Billion Tax Demand Likely To Be Withdrawn After Backlash: Report
India is likely to retract its demand that Infosys pay $4 billion in back taxes after weeks of lobbying by the IT giant and an onslaught of criticism from the software services industry, said two government sources with direct knowledge of the plan.
-
Centre Not To Relax $4 Billion Tax Demand To Infosys: Report
The central government is not considering any relaxation over the 320 billion rupees ($4 billion) tax demand it sent to Infosys, according to a government source.
-
India May Send Tax Notices To More IT Firms After $4 Billion Demand To Infosys: Report
Tax officials may issue notices soon to more major infotech services firms in a scrutiny of alleged evasion of tax on services by their overseas offices, a government source said, a day after Infosys was slapped with a $4-billion tax demand.
-
Infosys Receives Rs 341 Crore Tax Demand For Assessment Year 2020-21
Infosys has received a tax demand of Rs 341 crore for assessment year 2020-21 from the Income Tax Department, the IT services company said on Monday adding it is evaluating filing an appeal against the said order.
-
Expecting Refund Of Rs 6,329 Crore From Income Tax Department, Says Infosys
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.
-
UK Opposition Questions Tax Status Of Narayana Murthy's Daughter
The UK Opposition has questioned the non-domicile tax status of India-born Akshata Murthy, daughter of Infosys co-founder Narayana Murthy, and demanded an urgent explanation from her husband - UK Chancellor Rishi Sunak.
-
UK Chancellor Rishi Sunak Drawn Into In-Law Narayana Murthy Amazon Tax Dispute: Report
Cloudtail — the online retailing joint venture of Infosys co-founder N. R. Narayana Murthy's firm and Amazon — faced a GBP 5.5 million (roughly Rs. 56.83 crores) demand, including interest and penalties, from tax authorities after it paid "meagre" taxes over the past four years, a media report said.
-
Rishi Sunak Drawn Into Father-In-Law Narayana Murthy Amazon Tax Dispute: Report
Cloudtail India Pvt Ltd - the online retailing joint venture of Infosys co-founder NR Narayana Murthy's firm and Amazon.com - faced a 5.5 million pounds demand from tax authorities after it paid "meagre" taxes over the past four years, a media report
-
Three Infosys Techies Arrested In Bengaluru For Fraud
Three software engineers working with Infosys were arrested in Bengaluru on charge of cheating by contacting income tax payers and demanding money on the pretext of ensuring tax rebates, the police said on Monday.
-
Wipro gets fresh tax demand of Rs. 816 crore
Wipro has been slapped with an over Rs. 816 crore claim by tax department, becoming the latest IT company to have got such a notice after Infosys, WNS and iGate.
-
Taxmen slap fresh demand of Rs 816 crore on Wipro
Wipro stated that the "resolution of these legal proceedings is not likely to have a material and adverse effect on the results of operations" or the financial position of the company.
-
Unsettled tax demands worth Rs 738 crore: iGate
After WNS and Infosys, iGate is the latest to face tax issues in India with the US-based outsourcing firm having an "unsettled" tax demand of $132.7 million (about Rs 738 crore) for assessment years 2004-05 to 2009-10.
-
Infosys to challenge new tax demand of Rs 577 crore
Infosys, India's No. 2 software services exporter, said on Monday it would challenge a Rs 577 crore ($105.3 million) income tax demand raised by Indian authorities earlier this month.
-
I-T department slaps Rs 582 crore tax demand notice on Infosys
The income tax department has slapped a fresh $106 million (about Rs 582 crore) tax demand notice on Infosys, for fiscal year 2009, adding to the tax woes of India's second largest IT firm.
-
Govt slaps Rs 450-cr tax demand on Infosys
The Income Tax Department has slapped a tax demand of over Rs 450 crore on software giant Infosys Technologies for wrongfully claiming tax exemption on onshore services by declaring them as software exports, Parliament was informed on Friday. Onshore software development is the practice wherein Indian companies send their software engineers...
