Infosys to Receive Rs 1,745 Crore Tax Refund Following Assessment Orders

Infosys Receives Assessment Orders from Income Tax Department, Seeks Cumulative Refund of Rs 1,745 Crore

Infosys, a leading technology company, has received assessment orders from the Income Tax Department for multiple financial years. According to the company's stock exchange filing on March 31, the orders pertain to assessment years 2013-14, 2017-18, 2018-19, 2019-20, 2020-21, and 2021-22.

Assessment Orders Issued Under the Income-tax Act, 1961

The assessment orders were issued under the Income-tax Act, 1961, and the company expects a cumulative refund of Rs 1,745 crore, including interest. This refund represents a significant development for Infosys, which has been working to optimize its financial performance.

Read also: Market Analysis: Key Stocks to Watch - Narayana Hrudayalaya, ABB India, Federal Bank, Premier Energies, Ather Energy and More

Impact on Financial Statements

Infosys is currently evaluating the impact of these assessment orders on its financial statements for the quarter and year ended March 31, 2026. The company is taking a thorough approach to assess the implications of these orders on its financial performance and will provide further updates as necessary.

Note: The expected refund amount for each assessment year is not specified in the original text.

Read also: FirstClub Secures $55 Million in Funding from Peak XV, Sofina, and Other Investors 9 Months After $22 Million Series A Round