Income Tax demand order for LIC

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Life Insurance Corporation of India has received notice from Income tax authorities regarding income tax order.

According to the reports, the company has received income tax orders of Rs. 3,528.

LIC stated, “Corporation shall file an appeal before Commissioner (Appeals), Mumbai against the said orders within the prescribed timelines. There is no material impact on financials, operations or other activities of the Corporation due to the abovementioned orders.”

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