Nokia slapped by IT dept with a Rs 2000 crore notice for alleged tax violation

Income Tax department slapped a Rs 2,000 crore notice on Finnish mobile firm Nokia for an alleged tax violation.

On January 8, 2013, IT department had carried a survey operation at Nokia’s Sriperumpudur factory and held that it had found clear defaults in TDS deductions on royalty payments made by the plant to its parent company.

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Categories: Business & Economy Current Affairs 2017

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