The New India Assurance Company Ltd, a government of India undertaking, has been issued an income tax refund amounting to ₹255,68,12,262 for the assessment year 2019-20.
This refund includes both the principal tax amount and the interest accrued.
On May 19, 2026, New India Assurance announced that it had received a substantial income tax refund from the Income Tax Department.
The total refund amount is ₹255,68,12,262, which comprises the principal tax amount of ₹233,10,64,308 and an interest component of ₹22,57,47,954.
The refund pertains to the assessment year 2019-20, reflecting the company's tax filings and subsequent adjustments made by the tax authorities.
The interest included in the refund is a result of the delay in processing the refund amount.
The receipt of this refund is expected to positively impact the financial statements of New India Assurance.
Such refunds can enhance the liquidity position of the company, allowing for better cash flow management and potential reinvestment opportunities.
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In compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015, New India Assurance has disclosed this information to the stock exchanges.
The disclosure ensures transparency and keeps the stakeholders informed about significant financial developments within the company.
As of May 19, 2026, at 2:53 PM, New India Assurance Company share price on NSE was trading at ₹166.20 up by 2.22% from the previous closing price.
The income tax refund of ₹255 crore received by New India Assurance for the assessment year 2019-20 marks a significant financial event for the company. The refund, which includes a substantial interest component, underscores the importance of timely tax compliance and the potential benefits of regulatory adherence.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: May 19, 2026, 3:41 PM IST
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