InvestorQ : Can you tell me about the Rss.75,000 crore tax dues to government from LIC?
Aditi Sharma made post

Can you tell me about the Rss.75,000 crore tax dues to government from LIC?

Answer
image
Mahima Roy answered.
3 months ago
Follow

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.

6 Views