Mphasis Ltd

📄 Mphasis Receives ₹151.73 Crore Tax Demand for FY 2020-21

- Income tax demand of ₹151.73 crores for assessment year 2020-21

- Demand relates to TDS on overseas payments to foreign associated enterprises and interest

- Company believes claims are not maintainable

- Expects no material financial impact

- Plans to appeal the order citing favorable precedents

- No penalties or sanctions were imposed