Kathmandu. The Revenue Investigation Department of India has written to ICICI Prudential Life Insurance to pay tax and penalty of 328.41 million Indian rupees for the last financial year.
In a notice filed with the Securities and Exchange Board of India on Friday, the Revenue Investigation Department has sought 328.41 million Indian rupees as tax and penalty for the assessment year 2023-24.
According to the Economic Times, the Revenue Investigation Department has assessed tax on various issues including tax levied on shareholders’ income from other sources as income, marketing promotion and advertising expenses that cannot be claimed as expenses, including tax evasion. Yes.
The company has informed that it will file an appeal against the said order before the Commissioner (Appeals) within the stipulated time limit.
