Life Insurance Corporation of India (LIC) shares are under scrutiny after the company disclosed an income tax demand order of Rs 7,100 crore for FY22. The demand includes Rs 6,147 crore in tax and Rs 953 crore in interest, stemming from various alleged violations. LIC stated the order is appealable and will not materially impact its operations.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets