Infosys Ltd expects IT refund of Rs. 2949 crores

Infosys Ltd (Company) received orders under Section 250 of the Income Tax Act, 1961 from the Income Tax Department, Government of India for assessment years 2016-17 & 2019-20 on March 25, 2025 and March 26, 2025 respectively. As per the orders the Company expects a refund of INR 2,949 crores (including interest). The Company is in the process of evaluating the implications of these orders on the financial statements for the quarter and year ending March 31, 2025.

Shares of Infosys Limited was last trading in BSE at Rs. 1598.15 as compared to the previous close of Rs. 1631.70. The total number of shares traded during the day was 134262 in over 8644 trades.

The stock hit an intraday high of Rs. 1637.80 and intraday low of 1595.00. The net turnover during the day was Rs. 216724003.00.

Source : Equity Bulls

Keywords

Infosys INE009A01021 INFY ITRefund