HDFC Life Insurance Cites Rs. 1,500 Crore Tax Demand Calculation Errors
New Delhi— Interestingly, the Income Tax Department sent HDFC Life Insurance Company a Rs 1,495.17 crore tax demand for 2021–2022. The demand includes Rs 592.41 crore in interest. To correct mathematical flaws in the tax demand calculation, the life insurer will file a rectification application. Details of Tax Demand and Firm ResponseAs of June 28,…