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.

Month: Current Affairs - April, 2013