Quess Corp Limited has announced the receipt of income tax refunds for the 2021-22 and 2022-23 financial years. The company received two separate orders from the Income Tax authorities, resulting in a total inflow of ₹63.81 crore. Specifically, the refunds include ₹39.58 crore for the financial year 2021-22 and ₹24.23 crore for the financial year 2022-23.
Details of Tax Refund Orders
Quess Corp Limited has confirmed the successful receipt of two income tax refund orders. The orders were issued by the Joint Commissioner of Income Tax and were received by the company on April 08, 2026. These refunds pertain to tax assessments for two consecutive financial years and represent a positive cash flow development for the company.
Breakdown of Financial Impact
The refunds are categorized by the respective financial periods as follows:
- Financial Year 2021-22: A refund of ₹39.58 crore has been granted under an order dated March 11, 2026.
- Financial Year 2022-23: A refund of ₹24.23 crore has been granted under an order dated March 11, 2026.
The company has stated that these orders, which resolve previous tax assessment adjustments, do not have any further impact on its ongoing financial or operational activities.
Source: BSE
