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Aviva's India Arm Hit With $7.5 Mn Fine For Fake Invoice Scheme
Hindustan Times Lucknow
|February 17, 2025
Indian authorities have ordered British insurer Aviva's local unit to pay $7.5 million in back taxes and penalties after an investigation found it created fake invoices to pay illegal commissions and claimed incorrect tax credits, an order shows.
NEW DELHI: The tax demand is significant for Aviva's India business, which recorded a profit after tax of only $10 million in the 2023-24 f
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