Quess Corp receives ₹42.23 Crore income tax refund for Assessment Year 2024-25
Quess Corp received an income tax refund of ₹42.23 crore for AY 2024-25, comprising ₹38.75 crore in tax and ₹3.49 crore in interest, as per an order dated September 01, 2025.
A refund of ₹42.23 crore is a substantial amount, providing a notable boost to the company's financial resources and working capital. While positive, it's a one-time event rather than a change in core business operations.
The company receiving a significant income tax refund of ₹42.23 crore is a direct positive financial inflow, enhancing its liquidity and cash position.
Quess Corp Limited has received an Order under Section 154 of the Income Tax Act, 1961, from the Deputy Commissioner of Income Tax, Central Circle -2(1), Bengaluru. The order, dated September 01, 2025, grants a balance refund of ₹42.23 crore for the Assessment Year 2024-25. This refund amount includes: * Tax refund of ₹38.75 crore * Interest amount of ₹3.49 crore The company received this order on October 10, 2025.
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