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Infosys Limited ( (IN:INFY) ) just unveiled an update.
Infosys Limited has announced that it received a communication regarding a penalty from the Assistant Commissioner of Central Tax. The penalty, amounting to INR 1,13,59,395, was issued due to alleged non-realization of export proceeds related to the write-off of invoices for the fiscal years 2018-19 to 2022-23. Despite the financial penalty, Infosys has stated that there is no material impact on its financials, operations, or other activities.
More about Infosys Limited
Infosys Limited is a global leader in consulting, technology, and next-generation services. The company provides a wide range of services including software development, maintenance, and independent validation services to companies in various industries. Infosys is known for its focus on innovation and its commitment to helping businesses navigate their digital transformation journeys.
Average Trading Volume: 389,792
Technical Sentiment Signal: Sell
Current Market Cap: 6128.4B INR
Find detailed analytics on INFY stock on TipRanks’ Stock Analysis page.