US Revenue Service serves $28.9 billion tax notice to Microsoft in audit disputeThe company said it disagrees with the IRS's findings and plans to dispute them, first in an internal IRS proceeding and then later, if nec...
12 Oct, 2023, 04.36 PM IST
Microsoft says US has asked for $28.9 billion in audit disputeMicrosoft said the IRS notices relate to an ongoing dispute between the company and the U.S. tax authority, which is auditing how Microsoft...
12 Oct, 2023, 06.51 AM IST
Nokia may keep Chennai plant out of $7.2 billion Microsoft dealFinnish handset maker Nokia is likely to exclude its India factory from the USD 7.2 billion deal concluding tomorrow to sell its mobile pho...
24 Apr, 2014, 09.03 PM IST
Microsoft to close its acquisition of Nokia’s devices and services business on April 25'The transaction is now subject only to certain customary closing conditions,' Espoo, Finland-based Nokia said in a statement.
22 Apr, 2014, 03.02 AM IST
Nokia may complete handset business deal with Microsoft by month endNokia today said it expects US $ 7.2 bn deal with Microsoft for sale of its mobile devices and services business to complete by the end of ...
19 Apr, 2014, 07.27 PM IST
Nokia likely to leave India plant out of Microsoft dealNokia India has offered to put Rs 2,250 cr in an escrow account, plus pay an additional Rs 700 cr in instalments to free up the plant.
17 Apr, 2014, 02.49 AM IST
Tax case not expected to affect deal with Microsoft: NokiaLast year in September, the US-based firm had announced it will acquire almost all of the Devices and Services business of Nokia for $7.2 b...
15 Feb, 2014, 11.19 AM IST
Finland welcomes Delhi High Court order on Nokia tax caseWelcoming the Delhi High Court's decision in the Nokia tax case, Finland has said it would help in expeditiously executing the sale of the ...
15 Dec, 2013, 11.58 AM IST
Nokia offers government Rs 2,250 crore to save Microsoft deal; to keep Chennai proceeds with third partyNokia has offered to pay about Rs 3,000 crore to government to resolve the tax row so that its Chennai manufacturing plant can be de-frozen.
10 Dec, 2013, 09.10 AM IST
Nokia will have to clear Rs 6,500 crore tax liability: Finance MinistryA top FinMin official asserted that Nokia, which is being acquired by Microsoft, will have to clear a tax liability estimated at around Rs ...
05 Dec, 2013, 09.05 PM IST
Nokia employees to move Delhi HC in Rs 6,500-crore tax dispute rowEmployees at the Finnish handset major's facility in Sriperumbudur near here have decided to move the Delhi High Court which is hearing the...
05 Dec, 2013, 08.06 PM IST
Nokia fears Chennai plant may be excluded from deal if tax issues are not resolvedFinland fears that Nokia could be forced to close its Chennai plant if the company's tax dispute in India is not resolved and its assets no...
04 Dec, 2013, 08.37 AM IST
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...
22 Nov, 2013, 11.58 AM IST
Taxman calls on Microsoft India for understating incomeIT department reportedly sent notice to Microsoft seeking details of its income from Indian operations for four years beginning with the 20...
23 Apr, 2013, 05.04 PM IST
- TCS, HCL and Microsoft distributors under DRI scanner
The firms are under probe for allegedly importing software from MS Singapore Pvt. Ltd without declaring the complete value of the imports. ...
23 Nov, 2008, 03.30 PM IST
- Microsoft gets Rs 128 cr tax evasion notice
The service tax department has confirmed a tax demand of Rs 128 crore and slapped a penalty of another Rs 128 crore on the company for alle...
24 Sep, 2008, 04.56 AM IST
- Microsoft gets Rs 127 cr tax notice
The notice has been issued for non-payment of service tax on 'marketing and user-support services' carried out by Microsoft India for MS Si...
24 Apr, 2008, 12.20 AM IST