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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 ...
India Business News: NEW DELHI: Life Insurance Corporation of India has received an income tax refund order of Rs 25,464 crore, and it is likely to be realised during the .
The refund, which is likely to boost the bottom line of the corporation in the fourth quarter, is related to interim bonuses to policyholders in the past seven assessment years.
Life Insurance Corporation of India has received an income tax refund order of Rs 25,464 crore, and it is likely to be realised during the current quarter, its chairman Siddhartha Mohanty said.
Get latest articles and stories on Latest News at LatestLY. State-owned insurer LIC on Thursday reported a 49 per cent jump in net profit at Rs 9,444 crore for the third quarter ended December 30 helped by higher net premium. Latest News | LIC Q2 Net Profit Surges 49% to Rs 9,444 Crore.