by AIP Online Bureau | Jan 12, 2024 | Indian News, Life, Policy
For LIC, this is second time in recent years large IT refund has happened. Earlier it had received a IT refund of Rs 6000 crore Mumbai: Life Insurance Corporation of India (LIC) said it has received an income tax refund of Rs 25,464 crore relating to interim bonus to...
by AIP Online Bureau | Jan 11, 2024 | Indian News, Life
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,” the...
by AIP Online Bureau | Jan 8, 2024 | Indian News, Life, Regulation
In a regulatory filing, LIC said the board has cleared the proposal to invest in a new company, promoted by the NHB, for residential mortgage-backed securities, through equity contribution up to 10 per cent of the share capital Mumbai: Life Insurance Corporation of...
by AIP Online Bureau | Jan 3, 2024 | Indian News, Life
The demand pertains to wrong availment of Input Tax Credit (ITC) and non-payment on tax on turnover wrongly declared as non-GST supply in GSTR-1 for 2017-18, and 2018-19, it said Mumbai: Life Insurance Corporation of India (LIC) on Wednesday said tax authorities have...
by AIP Online Bureau | Jan 3, 2024 | Indian News, Life, Policy, Regulation
The demand for Telangana came a day after LIC on Monday received a similar notice demanding about Rs 806 crore for short payment of GST for 2017-18 along with interest and penalty for Maharashtra Mumbai: Life Insurance Corporation of India (LIC) on Tuesday said tax...
