I-T Department issues a fresh tax notice to Nokia India
The Income Tax (I-T) Department has issued another tax notice to Nokia India for dispute relating royalty payments to the parent company.
The department, in 2013, had issued a notice to Nokia India to pay Rs 20 billion in tax for violation of withholding tax norms since 2006 while making royalty payments to its parent company in Finland. This tax notice is being contested in Income Tax Appellate Tribunal following a petition by Nokia.
Meanwhile, Nokia India is seeking inclusion of the fresh tax notice in the ongoing negotiations between India and Finland under the mutual agreement procedure (MAP) to resolve the Rs 20 billion tax issue. The government officials of two countries are soon expected to meet to decide on the course of action.
- Most Viewed
- Most Rated
- Most Shared
- Related Articles
- Tata Teleservices (Maharashtra) Limited ...
- Tata Teleservices (Maharashtra) Limited ...
- Tata Teleservices Maharashtra Limited pl...
- Hutchison Essar has announced the entry ...
- Usage and performance are the two top pr...
- tele.net announces the winners of the Te...
- Global Wi-Max Forum cautions that India ...
- Telecom Operator Awards 2011 acknowledge...
- GSMA releases the “Licensing to Suppor...
- Huawei, Alcatel-Lucent and Ericsson in r...
- DoT turns down Vodafone India’s reques...
- FICCI and AT KEARNEY release a report ti...
- DoT may allow spectrum sharing among 3G ...
- TTSL has launched services in Bhopal, In...
- Bharti has become the first GSM mobile o...
- DoT issues guidelines for ISPs proposing...
- tele.net to host a conference on "Energy...
- tele.net hosts a conference on “Teleco...
- Government amends the licence conditions...
- GSMA releases the “Licensing to Suppor...