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NOKIA TAX ISSUE
US stock market crashes today: What’s happening with Dow Jones, S&P 500 and Nasdaq as $200 billion vanishes in minutes from US stocks - Dow plunges 565 points, all sectors sink while oil surges with WTI up 3.4% and Brent jumping 5%US stock market crashes today. Investors are asking what’s happening with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite. ...
Why is the US stock market crashing today and Dow Jones, S&P 500, Nasdaq down? Dow falls more than 130 points while S&P 500, Nasdaq also negativeWhy is the US stock market crashing today? Dow drops 130+ points as S&P 500 and Nasdaq turn negative. The US stock market crash today is sh...
Nokia says it paid 202 million euro to settle tax row with IndiaNokia India had been issued a tax demand of Rs 2,500 crore in 2013, which post-rectification, was lowered to about Rs 1,600 crore.
HC stays over Rs 411 crore income tax demanded from NokiaThe high court listed Nokia's plea, filed through advocate Rony John, for further hearing on July 25.
Madras High Court tells tax authorities to desist from drawing money from Nokia's attached accountTwo bank accounts of Nokia, in State Bank of India and Bank of America, were seized and the company was given 15 days of time to settle the...
Government will look into Nokia plant suspension issue, says Commerce Minister Nirmala SitharamanThe Finnish firm was forced to keep the factory out of a $7.5 billion deal with Microsoft Corp, due to tax dispute with Indian authorities.
Nokia threatens to go for international arbitration over tax disputesIndia's tax authorities claimed that Nokia had evaded taxes on software downloaded on handsets manufactured at its Chennai unit since 2006.
Nokia takes step towards arbitration in India tax disputeThe Madras High Court has asked Nokia to deposit 10% of the disputed tax demand by June end, as a precondition for the two sides to discuss...
Won’t be able to comply with Tamil Nadu government's Rs 2,400 crore tax claim, Nokia tells Madras HCNokia’s counsel Arvind Datar told the court that Nokia India is facing liquidity issues, since it has already paid Rs 780 cr to the income ...
Chennai plant may shut down if tax issue unresolved: NokiaFinnish handset major Nokia today warned that its Chennai factory may shut down unless a Rs 21,153 crore tax issue is resolved.
Delhi HC lifts Nokia factory freeze in tax dispute, allows sale of Chennai plant to MicrosoftThe Chennai plant is one of Nokia's biggest phone-making factories. Nokia appealed the seizure and has been trying to end the dispute.
If Nokia exits India, how will government collect tax dues?Government has so far slapped three tax demands on Nokia; Rs 2700 crore for failing to withhold tax on software purchase from Nokia Corp.
Nokia offers to pay part of Rs 3,000-cr tax payment demand to unfreeze its Chennai factoryShortly after Nokia announced a deal to sell its devices & services business to Microsoft, India's tax department froze the handset maker's...
Nokia’s Rs 2,080-crore retrospective tax dispute: High Court unfreezes some assetsSeparately, a company spokesman said that while bank accounts were unfrozen, all other assets frozen by the tax department remained so.
Nokia raises tax issue with Commerce Minister Anand Sharma; will stay in IndiaNokia raised the Rs 2,080 cr tax dispute with Commerce Minister Anand Sharma, seeking his help for an early resolution of the matter.
ICAI seeks details on Nokia tax issue from income tax departmentAccounting regulator ICAI today said it has sought details from the director general income tax (investigation), which is probing the alleg...
I-T dismisses Nokia appeal against a Rs 2,080-crore income-tax demand noticeThe notice issued by I-T Dept alleged tax evasion by Nokia on royalty payments made against supply of software by the co's parent firm.
Nokia tax appeal dismissed, co says disappointed with decisionAuthorities dismissed Nokia's appeals over an income tax demand of Rs 20.8 bn the phone company said, a setback for its efforts to resolve ...
I-T serves Rs 2,000 cr notice to Nokia; HC stays demandThe Income Tax department has served a more than Rs 2,000 crore demand notice on Finnish mobile firm maker Nokia for alleged evasion of tax...
Income Tax department asks Nokia to pay Rs 13,000 croreThe I-T dept in an interim report, said the company should pay Rs 13,000 crore for tax and transfer-pricing violations.