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An update from 3i Infotech Limited ( (IN:3IINFOLTD) ) is now available.
3i Infotech’s U.S. step-down subsidiary, 3i Infotech Inc., has received a Sales and Use Tax Audit Notice of Assessment from the Pennsylvania Department of Revenue, which includes an audited tax liability of USD 833,833.58, forecast interest of USD 150,099.24 and a penalty of USD 250,150.09 for the period from June 30, 2022 to June 30, 2025. The subsidiary is evaluating the assessment and considering an appeal, and the company has stated that, apart from the assessed liabilities and related forecasts, there is currently no significant impact on the subsidiary’s financial, operational or other activities.
More about 3i Infotech Limited
3i Infotech Limited is an information technology company that provides IT services and solutions, operating through subsidiaries including 3i Infotech Inc. in the U.S. The group focuses on technology-driven offerings for global clients, with overseas operations contributing to its overall business portfolio.
Average Trading Volume: 64,694
Technical Sentiment Signal: Sell
Current Market Cap: 3.65B INR
See more data about 3IINFOLTD stock on TipRanks’ Stock Analysis page.