For Quick Alerts
For Daily Alerts

IT department slams Rs2000 crore notice on Nokia for alleged tax violation

IT department slams Rs2000 crore notice on Nokia
Income Tax department slaps Rs 2000 crore notice on Finnish mobile firm Nokia for alleged tax violation.

Earlier in January Multi-national audit firm PricewaterhouseCoopers (PW and Co), auditors for Nokia India, was summoned by the Income Tax department to appear before it in connection with the alleged tax default by the Finnish handset maker's plant.

IT department had on January 8 conducted a survey operation at Nokia's Sriperumpudur factory and said it had found prima facie defaults in TDS deductions on royalty payments made by the plan to its parent company.

Nokia India had already said it was fully cooperating with the IT department to ensure officials get the necessary information.


Read more about: income tax nokia
Story first published: Thursday, March 28, 2013, 14:31 [IST]
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more