GIC Re receives ₹350 crore income tax demand notice for FY23; to file appeal at NFAC
State-owned reinsurer General Insurance Corporation of India (GIC Re) on Friday (April 10) said it has received a notice of demand under Section 156 of the Income Tax Act, 1961, from the Income Tax Department’s Assessment Unit for Assessment Year 2023-24, amounting to ₹350.47 crore. The order includes an assessment under Section 143(3) along with the…
