LIC wins Rs 25,464 Income Tax refund on interim bonus
In a victory for Life Insurance Corporation (LIC), the Income Tax Department has issued a refund intimation of Rs 25,464.46 crore for seven assessment years.
In a victory for Life Insurance Corporation (LIC), the Income Tax Department has issued a refund intimation of Rs 25,464.46 crore for seven assessment years.
All participating policies in force as of March 31, 2021, are eligible to receive this bonus and will be added to the policyholders' benefits, said the insurer.
