Tax & Penalty19 May 2026, 02:37 pm
New India Assurance Receives Income Tax Refund of ₹255.68 Cr
AI Summary
The New India Assurance Company Ltd. has received an income tax refund of ₹255,68,12,262 from the Income Tax Department. This refund pertains to the assessment year 2019-20 and includes ₹233,10,64,308 towards total income tax and ₹22,57,47,954 as interest.
Key Highlights
- New India Assurance received an income tax refund of ₹255.68 Cr.
- The refund is for the assessment year 2019-20.
- The refund includes ₹233.10 Cr towards income tax.
- Interest component of the refund is ₹22.57 Cr.
Price Impact
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