LIC gets 2 tax demand notices worth Rs 3,529 crore from Mumbai officials
There is no material impact on financials, operations or other activities of the corporation, according to LIC
Life Insurance Corporation of India (LIC) on Thursday said tax authorities have slapped two demand notices aggregating to about Rs 3,529 crore on it.
The corporation has received orders from Income Tax authorities regarding Income Tax demand issued by Assistant Commissioner of Income Tax, Mumbai, LIC said in a regulatory filing.
LIC would file an appeal before the Commissioner (Appeals), Mumbai, against the said orders within the prescribed timelines, it said.
There is no material impact on financials, operations or other activities of the corporation, according to LIC.
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First Published: Jan 11 2024 | 10:57 PM IST