Life Insurance Corporation of India had received refund orders for Assessment Years 2012-13, 2013-14, 2014-15, 2016-17, 2017-18, 2018-19 and 2019-20.
The total amount of refund was Rs 25,464.46 crore. In this regard, the Income Tax Department has released Rs. 21,740.77 crore on February 15.
The Corporation is pursuing the balance with the Income Tax Department, LIC said.
LIC's Profit after Tax (PAT) for the nine months period ended December 31, 2023 was Rs 26,913 crore.
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LIC received refund orders for Rs 21,740cr from Income Tax Dept
