Infosys: Canada govt imposes Rs 82 lakh penalty on Infosys for alleged underpayment of tax

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The Canadian government has imposed a penalty of over 1.34 lakh Canadian dollars (about Rs 82 lakh), on IT company Infosys for alleged underpayment of employee health tax for the year ended December 31, 2020, a regulatory filing said. Infosys received an order from Canada‘s Finance Ministry on May 9.

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“Penalty imposed on alleged underpayment of Employee Health Tax for the year ended December 31, 2020,” the filing said, which mentioned a penalty of 1,34,822.38 Canadian dollars has been imposed on the company. Infosys said that there is no material impact on financials, operations or other activities of the company.



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Infosys: Canada govt imposes Rs 82 lakh penalty on Infosys for alleged underpayment of tax


The Canadian government has imposed a penalty of over 1.34 lakh Canadian dollars (about Rs 82 lakh), on IT company Infosys for alleged underpayment of employee health tax for the year ended December 31, 2020, a regulatory filing said. Infosys received an order from Canada‘s Finance Ministry on May 9.

Discover the stories of your interest

“Penalty imposed on alleged underpayment of Employee Health Tax for the year ended December 31, 2020,” the filing said, which mentioned a penalty of 1,34,822.38 Canadian dollars has been imposed on the company. Infosys said that there is no material impact on financials, operations or other activities of the company.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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