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Birlasoft Faces Income Tax Penalty with No Material Impact

Story Highlights
  • Birlasoft Limited received a penalty from the Income Tax Department for under-reporting income.
  • The company stated there is no material impact on its financials or operations.
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Birlasoft Faces Income Tax Penalty with No Material Impact

Birlasoft Limited ( (IN:BSOFT) ) has provided an announcement.

Birlasoft Limited has announced that it received a communication from the Income Tax Department in Pune regarding a penalty of INR 4,094,363 for under-reporting income. Despite this, the company has stated that there will be no material impact on its financials, operations, or other activities, and it plans to take appropriate legal action in consultation with its advisors.

More about Birlasoft Limited

Birlasoft Limited operates in the IT services industry, providing digital and information technology consulting, services, and solutions. The company focuses on delivering innovative solutions to enhance business processes and efficiency for its clients across various sectors.

YTD Price Performance: -30.55%

Average Trading Volume: 63,901

Current Market Cap: 111.4B INR

See more data about BSOFT stock on TipRanks’ Stock Analysis page.

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