NIIT Learning Systems Legal & Regulatory
NIIT (USA) Inc. received a tax audit demand of USD 600,303.50 (approx ₹5.74 Crore) from the Washington State Department of Revenue. The company maintains the impact is immaterial.
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- ₹5.74 Cr
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NIIT (USA) Inc. received a tax audit demand of USD 600,303.50 (approx ₹5.74 Crore) from the Washington State Department of Revenue. The company maintains the impact is immaterial.
NIIT Learning Systems' US subsidiary received a tax demand of USD 600,303.50 (approx. ₹5.70 Crore) from Washington state authorities following an excise tax audit.
NIIT Learning Systems Limited has filed a rectification application and an appeal before the CIT(A) against an income tax demand for Assessment Year 2023-24. The demand arose from apparent computation errors and short credit of prepaid taxes. The company is contesting the order within prescribed timelines.