LIC Faces ₹18.4 Million Tax Demand Including Interest and Penalty

LIC has received a tax demand of ₹10.4 million, along with ₹7 million interest and a ₹1 million penalty, totaling ₹18.4 million. While modest relative to its scale, the notice highlights regulatory scrutiny and could influence investor sentiment. LIC is expected to evaluate compliance and potential remedies.

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