Coforge: Coforge gets Rs 122 crore income tax demand notice
Coforge mentioned that it has received a “total tax demand of Rs 97,97,99,720 (including interest liability of Rs 23,79,49,419)”.
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The company said that the assessment unit had made an adjustment under transfer pricing due to variation in margin.
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“Considering the jurisprudence around the adjustments made and the facts of the case, the Company in consultation with its tax advisors is of the view that our position will be upheld on ultimate resolution and will not have a material adverse effect on the Group’s Financial Statement,” the company said.
Coforge mentioned that it has received a “total tax demand of Rs 97,97,99,720 (including interest liability of Rs 23,79,49,419)”.
Elevate Your Tech Prowess with High-Value Skill Courses
Offering College | Course | Website |
---|---|---|
IIM Lucknow | IIML Executive Programme in FinTech, Banking & Applied Risk Management | Visit |
IIT Delhi | IITD Certificate Programme in Data Science & Machine Learning | Visit |
Indian School of Business | ISB Professional Certificate in Product Management | Visit |
The company said that the assessment unit had made an adjustment under transfer pricing due to variation in margin.
Discover the stories of your interest
“Considering the jurisprudence around the adjustments made and the facts of the case, the Company in consultation with its tax advisors is of the view that our position will be upheld on ultimate resolution and will not have a material adverse effect on the Group’s Financial Statement,” the company said.