TODAY -
LIC clarifies
Source: Hueiyen News Service
Imphal, March 19 2015:
Apropos the news report "LIC agents joint nation-wide-strike" published on March 18, it was mentioned that the service tax and tax related to Maturity payments as imposed by LIC of India.
LIC Imphal branch manager clarified that the aforementioned taxes are imposed by the Government of India and not by LIC of India as reported.
Moreover, there is no charge called Tax Deduction Cost (TDC) imposed by LIC of India.
The branch manager said such news has wide ranging ramifications and misleading the policy holders in particular and the public in general.
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