Cognizant in major trouble!

The Income Tax department has reportedly frozen some bank accounts of software services company Cognizant Technology Solutions for alleged tax evasion by the firm.

Reports say, a Dividend Distribution tax evasion amounting to Rs 2,500 crore in the year 2016-2017 is alleged against Cognizant which is one of India's largest software firms.

The I-T department had already issued a notice to the company and the accounts were frozen about a week back, says an Economic Times report.