Nokia Tax Evasion Case
PrintListen to this Article
Nokia Tax Evasion Case Relating to TDS
This case is related to transaction done between Nokia India Ltd and its Finnish parent Nokia OYJ involving alleged tax evasion of nearly 3000 crores.
As per news published in Business standard, Nokia India has been paying royalty payments to its parent company in return of some software installation which attracts deduction of TDS at rate of 10%. This tax is not deducted by Nokia India.
Recently the income tax department called up officials of PWC Chennai branch(Nokia auditors) for investigating the matter.
|
|
|
Category : Income Tax | Comments : 0 | Hits : 413
The Income Tax Department has recently carried out a nationwide verification exercise focusing on restaurants that may have suppressed their actual turnover. This action comes after an investigation c...
Selling property in India? You're probably worried about the capital gains tax bill that comes with it. Here's some good news—both the old and new tax regimes offer you ways to save big ...
Income Tax Alert - Here Are 5 High-Value Transactions That May Come Under Scrutiny. Large Cash Deposits: Any cash deposit exceeding Rs 10 lakh in a financial year across savings accounts draws...
Comments