Income tax department slaps Rs 450 crore demand on Infosys

Friday, 25 February 2011 23:31

792 Views

0 Replies

1 min read

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.

2 Replies

U

User

Saturday, 26 February 2011 00:22

We can not form any opinion on the basis of this notice.There are too many cases where the assessing officer erred in assessing the income of an assessee and the higher authorities overruled it!

• Permalink

U

User

Saturday, 26 February 2011 21:13

Rs 450 crore demand ???Really will they pay this or escape somehow?

• Permalink

Topic Author

A

Abhishek Dua

@abhishekdua

Topic Stats

Created Friday, 25 February 2011 23:31

Last Updated Tuesday, 30 November -0001 00:00

Replies 0

Likes 0

Income tax department slaps Rs 450 crore demand on Infosys

2 Replies

Topic Author

Abhishek Dua

Topic Stats

Category

Current Affairs & Latest News

Share This Topic