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Sunday, June 16, 2024

Infosys penalized by Texas Comptroller for failure to pay sales tax

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In Short:

Infosys, a big IT company, was fined $3,142.02 by Texas for not paying sales tax. This happened in April 2024. The penalty was given by a US government agency.Infosys has to pay around ₹2.60 lakh. Also, the combined value of 8 out of 10 top companies fell by ₹2.08 lakh crore.

Infosys fined $3,142.02 for non-payment of sales tax in Texas

Hey there, great news enthusiasts! So, it turns out our beloved IT major Infosys has been slapped with a fine of $3,142.02 (that’s roughly ₹2.60 lakh) by the Texas Comptroller of Public Accounts in the USA.

What happened?

Well, according to a recent regulatory filing, Infosys failed to pay sales tax for the month of April 2024. Ouch!

Don’t miss this!

  • Also read: Mcap of 8 of 10 most valued firms erodes by ₹2.08 lakh crore

It just goes to show that even tech giants like Infosys aren’t immune to the occasional slip-up. Stay tuned for more updates on this story!

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