Infosys Receives Penalty Order of ₹7.49 Crore from Commercial Taxes Dept.
Infosys Limited has received a communication regarding the collection of a penalty from the Deputy Commissioner of Commercial Taxes. The penalty order amounts to ₹7,49,10,389 (INR 7.49 Crore). The or...
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Why is Infosys Limited in the news today?
Infosys Limited (INFY) is in the news due to the announcement reports a penalty order against the company. while penalties are negative, the company explicitly states there is no material impact on financials or operations, mitigating the negative sentiment.
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Infosys Receives Penalty Order of ₹7.49 Crore from Commercial Taxes Dept.
December 30, 2025, 09:48 AM
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More Details on This News
Infosys Limited has received a communication regarding the collection of a penalty from the Deputy Commissioner of Commercial Taxes.
The penalty order amounts to ₹7,49,10,389 (INR 7.49 Crore). The order was received on December 29, 2025, at 16:24 IST.
The alleged violations pertain to the non-realization or delay in realization of export proceeds, availment of ineligible Input Tax Credit (ITC), and other issues such as Reverse Charge Mechanism (RCM), import of services, sale of investments, staff welfare expenses, and write-off cases of exports for the Financial Year 2021-22.
The company has stated that there is no material impact on its financials, operations, or other activities due to this order.
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