Company: INFY
Filing Date: 2025-11-10
Form Type: SC TO-C
Source: 0001193125-25-274597
Chunk: 41

Company: Infosys Ltd
Filing Date: 2025-11-10
Form: SC TO-C
Chunk 41
---
 a LTDC certificate issued by the Income Tax Department under Section 195 or any other section of the ITA, which authorizes           
 company to deduct tax at source (“TDS”) at a lower rate instead of the standard prescribed rate under the ITA. However, as per Section 90 of the ITA, non-resident shareholders can avail the                                                           
 provisions of the certain Double Tax Avoidance Agreement (“DTAA”) provided they satisfy conditions such as non-applicability of the General Anti-Avoidance Rule (“GAAR”), read with                                                                     
 Multilateral Instrument (“MLI”), between India and the country of tax residence of the shareholders, if such DTAA has beneficial provisions with respect to buyback consideration which are considered payable as dividend and shareholders             
 fulfilled all requirements of DTAA. For this purpose, i.e., to avail the benefits under the DTAA read with MLI, non-resident shareholders will have to provide the requisite documents to the Company on or                                             
 before the close of the Tendering Period (as defined below). Since the Buyback shall take place through the settlement mechanism of the Stock Exchange, securities transaction tax at 0.10% of the value of the transaction will be applicable. In due  
 course, Eligible Shareholders will receive a letter of offer, which will contain a more detailed note on taxation. However, in view of the particularized nature of tax consequences, the Eligible Shareholders are advised to consult their own legal, 
 financial and tax advisors prior to participating in the Buyback.                                                                                                                                                                                       |

| 1.10. | If an Eligible Stockholder is a U.S. holder (as defined in the Form 6-K                                                                                                                                                                         
 furnished by the Company to the SEC), then an exchange of Equity Shares for cash by such U.S. holder pursuant to the Buyback will be a taxable transaction for U.S. federal income tax purposes. In such case, depending on the applicable U.S. 
 holder’s particular circumstances, such tendering U.S. holder will generally be treated either as recognizing gain or loss from the disposition of the Equity Shares (subject to the “passive foreign investment company” rules                 
 discussed in the Company’s Form 6-K) or as receiving a distribution from the Company under U.S. federal income tax laws. U.S. holders are advised to review such tax considerations set forth in the                                            
 Company’s Form 6-K and the Letter of Offer to be distributed with respect to the Buyback. U.S. holders should consult with their