Today news
About the same in other media
LIC gets tax refund of Rs 21,741 crore
Reading now: 965
The matter pertains to income tax litigation around the utilisation of surplus and the disallowance or addition related to interim bonus, the company said in customary filings with the stock exchange.
From a cash flow perspective, LIC stands to receive ₹25,464 crore.
LIC had received refund orders for several assessment years between FY13 and FY20. The total amount of refund was ₹25,464.46 crore. In this regard, the Income Tax Department has released ₹21,740 crore on February 15. LIC is pursuing the balance with the Income Tax Department.
Shares of LIC fell 1.52% to ₹1,039 on BSE on Friday while the benchmark index rose 0.52%.
(You can now subscribe to our Economic Times WhatsApp channel)
About this in other media
Farmers from 10 EU countries join forces - and tractors - to protest agricultural policies abcnews.go.com /8 months ago
Florida gets closer to banning social media for kids under 16 abcnews.go.com /8 months ago
Summit Partners enters RIA venture with former exec at First Republic investmentnews.com /8 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
