Coforge: Coforge gets Rs 122 crore income tax demand notice
IT company Coforge has received income tax demand notice of around Rs 122 crore comprising tax demand of Rs 97.97 crore and interest liability of Rs 23.79 crore, the company said in a regulatory filing on Thursday. The notice was received by the company on December 20.
![]()
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.
Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.
IT company Coforge has received income tax demand notice of around Rs 122 crore comprising tax demand of Rs 97.97 crore and interest liability of Rs 23.79 crore, the company said in a regulatory filing on Thursday. The notice was received by the company on December 20.
![]()
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.
Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.
Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.