ICICI Pru Life Insurance gets demand notice of Rs 328.4 cr from Income Tax Dept, ET BFSI

New Delhi, ICICI Prudential Life Insurance on Friday mentioned it has obtained a requirement discover of Rs 328.41 crore for the evaluation 12 months 2023-24. The demand discover has been despatched by the Assistant Commissioner of Earnings-Tax, Maharashtra, ICICI Prudential Life Insurance mentioned in a regulatory submitting.

The demand discover served on varied counts, together with shareholders’ earnings taxed as earnings from different sources and sure advertising and promoting expense thought of as inadmissible bills and therefore disallowed, it mentioned.

The corporate shall file an enchantment towards the mentioned order earlier than the Commissioner (Appeals) inside the prescribed timelines, it added.