ICICI Prudential Life Tax Demand ₹591.4 Cr
ICICI Prudential Life Insurance Company Ltd has received a rectification order from the Assistant Commissioner of Income Tax, Mumbai, for Assessment Year 2023. The order demands an incremental tax of ₹97,07,75,200 and incremental interest of ₹1,33,11,03,953, totaling ₹591,41,87,210. This includes a revised tax demand of ₹3,72,36,41,785 and interest of ₹219,05,45,425. The company states there is no adverse material impact on its financial operations. ICICI Prudential Life has filed an appeal against this order.
Key Highlights
- Rectification order received for Assessment Year 2023.
- Total demand includes ₹97.08 Cr tax and ₹133.11 Cr interest.
- Revised tax demand stands at ₹372.36 Cr, interest at ₹219.05 Cr.
- Company has filed an appeal against the order.
- No adverse material financial impact stated.
Price Impact
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