It is over demands to pay Rs.74,895 crore in retrospective taxes. Nearly Rs.72,762 crore of pending cases pertain to direct tax demands regarding under-reporting of income over several years. LIC has not made any provisions for these disputed amounts as disclosed in the DRHP.
It is over demands to pay Rs.74,895 crore in retrospective taxes. Nearly Rs.72,762 crore of pending cases pertain to direct tax demands regarding under-reporting of income over several years. LIC has not made any provisions for these disputed amounts as disclosed in the DRHP.