Infosys to Receive ₹2,949 Crore Tax Refund and Implements Digital HR Platform for LKQ Europe
Infosys is set to receive a tax refund of ₹2,949 crore from the Indian Income Tax Department for assessment years 2016-17 and 2019-20. The company is evaluating the financial implications of this refund on its statements for the quarter and year ending March 31, 2025. Separately, Infosys has implemented a unified digital HR platform for LKQ Europe across 18 countries.

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Infosys , a global leader in next-generation digital services and consulting, is set to receive a substantial tax refund from the Indian Income Tax Department. The company has announced that it expects a refund of ₹2,949.00 crore, pertaining to the assessment years 2016-17 and 2019-20. Additionally, Infosys has recently deployed a unified digital platform to transform HR processes for LKQ Europe across 18 countries.
Tax Refund Details
According to an official intimation filed by Infosys under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company received orders under Section 250 of the Income Tax Act, 1961 from the Income Tax Department, Government of India. These orders, received on March 25 and 26, 2025, for the assessment years 2016-17 and 2019-20 respectively, indicate a refund of ₹2,949.00 crore, including interest.
Financial Implications
Infosys is currently evaluating the implications of these orders on its financial statements for the quarter and year ending March 31, 2025. This significant refund is expected to have a positive impact on the company's financials for the relevant period.
Company's Response
A.G.S. Manikantha, Company Secretary of Infosys, signed the official intimation to the stock exchanges. The company has assured stakeholders that it will provide further updates as it assesses the full impact of this development on its financial statements.
Digital HR Platform for LKQ Europe
In a separate development, Infosys has successfully implemented a unified digital platform to transform HR processes for LKQ Europe, the European automotive aftermarket leader. This solution, powered by Infosys Cobalt, aims to streamline and enhance HR operations across 18 countries. The deployment of this platform showcases Infosys's capabilities in delivering innovative digital solutions to global clients.
About Infosys
Infosys is a global leader in next-generation digital services and consulting, with a workforce of over 300,000 employees. The company operates in more than 56 countries, helping clients navigate their digital transformation journeys. With a strong focus on cloud and AI-powered solutions, Infosys continues to play a significant role in shaping the future of the IT services industry.
As the situation develops, investors and stakeholders will be keenly watching for further announcements from Infosys regarding the utilization and impact of this substantial tax refund, as well as the company's ongoing efforts in digital transformation projects for global clients.
Historical Stock Returns for Infosys
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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+0.45% | +0.71% | -10.73% | -27.87% | +0.02% | +125.77% |