Infosys trades in green on the BSE

Infosys is currently trading at Rs. 2941.50, up by 24.30 points or 0.83% from its previous closing of Rs. 2917.20 on the BSE.

The scrip opened at Rs. 2913.00 and has touched a high and low of Rs. 2946.05 and Rs. 2909.00 respectively. So far 59,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2960.10 on 27-Feb-2012 and a 52 week low of Rs. 2101.65 on 26-Jul-2012.

Last one week high and low of the scrip stood at Rs. 2924.00 and Rs. 2765.20 respectively. The current market cap of the company is Rs. 1, 68,911 crore.

The promoters holding in the company stood at 16.04% while Institutions and Non-Institutions held 59.25% and 14.54% respectively. 

Infosys in collaboration with the Income Tax Department (ITD) of India has launched state-of-the-art Central Processing Center for efficient administration and processing of Tax Deducted at Source (TDS). The TDS facility will process more than 400 million tax deduction submissions filed by nearly 1 million entities annually. The Union Minster of Finance dedicated the facility to the nation at a special ceremony held on February 23, 2013.

Infosys has been processing tax returns filed online by Indian citizens since 2008. Till date, the company has successfully processed more than 30 million tax filings and related refunds. In 2011, ITD selected Infosys as its managed services provider to facilitate central processing of TDS filings by business entities.

As part of this new agreement, Infosys provides comprehensive services to the department including technology infrastructure, maintenance, and upgrade of applications for the Tax Deduction Reconciliation, Analysis, and Correction Enabling System, better known as TRACES.