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The Economic Times

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LIC shares fall 2% after insurer gets Rs 7,100-crore income tax demand order

Life Insurance Corporation of India (LIC) shares declined 2% after the company disclosed an income tax demand order of Rs 7,100 crore for FY21-22. 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 operations.

27 Mar 2026 8:55 am