HDFC Life Income Tax Order ₹45.55 Cr Interest

HDFC Life received an income tax order on March 23, 2026 from ACIT Central Circle 6(2), Mumbai, with interest demand of ₹45.55 crore and nil penalty.
Allegations include misclassification of shareholder income, incorrect exemption claims under Section 10, and improper deductions under Section 14A read with Rule 8D.
Company states no adverse material financial impact and will contest the order via appeal before the Appellate Authority within the specified period.