9+ hour, 11+ min ago  (241+ words) ICICI Prudential Life Insurance Company Limited has disclosed a significant development concerning its promoters, ICICI Bank Limited and Prudential Corporation Holdings Limited. The two entities have entered into a letter of undertaking to manage potential conflicts of interest arising from…...

3+ mon, 1+ week ago  (124+ words) Business Upturn The Life Insurance Corporation of India (LIC) has received a significant demand order from the Income Tax Department, amounting to "85, 76, 81, 60, 095 for income tax and "17, 54, 45, 02, 265 as interest for the financial year 2023-24. The demand arises from disallowances made for several issues,…...

3+ mon, 1+ week ago  (119+ words) Business Upturn The demand arises from disallowances made on several issues, including the addition of interim bonus, loss from the Jeevan Suraksha Fund, and negative reserve as income. Additionally, the order includes disallowances of deductions under section 80 M and interest…...

3+ mon, 3+ week ago  (149+ words) Business Upturn Life Insurance Corporation of India (LIC) has received a demand order from the Deputy Commissioner of State Taxes and Excise, Parwanoo, Himachal Pradesh, for Goods and Service Tax (GST), interest, and penalty amounting to "62, 31, 166 for the financial year 2019-20. The…...