BusinessIRS fines Dr. Reddy’s US subsidiary $32,350 for tax error
The U.S. Internal Revenue Service (IRS) has imposed a $32,350.20 penalty on Dr. Reddy’s Laboratories Inc., a wholly owned U.S. subsidiary of Dr. Reddy’s Laboratories. The penalty resulted from a misclassification of the fiscal year reference during tax payment. The Hyderabad-based parent company stated the penalty has no material impact on its financials or operations.
Hindu Business··Hyderabad




