Janpukar News/ Sudhanshu Rokka
IT giant Infosys has been hit with a $225 penalty by the Nevada Department of Taxation for allegedly underpaying modified business taxes in the state,
The penalty relates to a shortfall in payments for two quarters, spanning from Q4 2021 to Q1 2022, according to a stock exchange disclosure made by the company on Monday evening.
Short payment” refers to a situation where the amount paid falls short of the invoiced tax amount. Infosys confirmed the receipt of the communication from the Nevada authorities demanding the penalty amount and stated it is currently investigating the veracity of the claim.
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