LIC gets I-T order for ₹7,100 crore, to appeal

The Life Insurance Corporation of India (LIC) has received from the Assessment Unit of the Income Tax Department a request bid for astir ₹6,147 crore income taxation arsenic good arsenic involvement of implicit ₹953 crore.

The bid pertains to FY 2021-22 and consists of income taxation request of ₹61,46,71,18,015 and an involvement constituent of ₹9,53,25,87,935, LIC said successful a filing to the banal speech connected Wednesday.

The bid is appealable earlier the Commissioner of Income Tax (Appeals), the State-owned insurer said.