2 months ago
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HDFC Life Insurance Company has received an Income Tax bid asking it to wage a small implicit ₹172 crore.
Consisting of ₹126.46 crore taxation demand, ₹45.55 crore interest, and nil penalty, the bid from the Income Tax authorities successful Mumbai is for Assessment Year 2023-24 (financial twelvemonth 2022-23) and related to aggregate alleged violations.
The database includes classification of shareholders’ nett concern income nether a antithetic head, arsenic good arsenic definite selling and advertizing disbursal successful financials considered arsenic admissible disbursal incorrectly portion calculating the taxable surplus successful policyholder’s account.
The bid volition person nary adverse worldly interaction connected the fiscal operations, and the institution volition record an entreaty earlier the Appellate Authority, HDFC Life said successful a filing connected Tuesday (March 24, 2026).
