LIC received refund orders for Rs 21,740cr from Income Tax Dept ...Middle East

New Delhi: Life Insurance Corporation of India had received refund orders for Assessment Years 2012-13, 2013-14, 2014-15, 2016-17, 2017-18, 2018-19 and 2019-20. The total amount of refund was Rs 25,464.46 crore. In this regard, the Income Tax Department has released Rs. 21,740.77 crore on February 15. The Corporation is pursuing the balance with the Income Tax Department, LIC said. LIC’s Profit after Tax (PAT) for the nine months period ended December 31, 2023 was Rs 26,913 crore. The current period profit includes an amount of Rs 21,461 crore (Net of Tax), pertaining to the accretions on the available solvency margin, transferred from Non Par fund to shareholders account. The PAT for simil

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Last updated : 16 February 2024 clock 05:45 PM

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LIC received refund orders for Rs 21,740cr from Income Tax Dept ...Middle East

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