Nokia owes Rs 21,153 cr as total tax liability: IT dept

Last Updated: Monday, December 9, 2013, 18:04

The Income Tax department has informed the Delhi High Court that Nokia India and Nokia Corporation owe it Rs 21,153 crore as total tax liability (existing and anticipated), including penalty during a seven-year period from 2006-2013.

India, Finland to discuss Nokia tax case next week

Last Updated: Saturday, December 7, 2013, 00:06

While Nokia has offered to pay a minimum deposit of Rs 2,250 crore, out of the total tax liability of nearly Rs 6,500 crore, the I-T department has told the Court that the offer is not acceptable.

Tax demands to Nokia may cross Rs 10,000 crore

Last Updated: Friday, December 6, 2013, 21:51

The department has calculated and arrived at the figure and may raise two separate demands to the tune of Rs 4,560 crore and Rs 6,008 respectively on Nokia Corporation and Nokia India, official sources said.

'Nokia will have to clear Rs 6,500 cr tax liability'

Last Updated: Thursday, December 5, 2013, 20:51

Unfazed by threats of closure of Nokia's Chennai plant, a top Finance Ministry official Thursday asserted that the Finnish company, which is being acquired by Microsoft, will have to clear a total tax liability estimated at around Rs 6,500 crore.

Nokia employees to move Delhi HC in tax case

Last Updated: Thursday, December 5, 2013, 19:56

Facing uncertainty over their future in the wake of Nokia's Rs 6,500-crore tax dispute, employees at the Finnish handset major's facility in Sriperumbudur near here have decided to move the Delhi High Court which is hearing the case.

Will aggressively defend against tax demand: IBM

Last Updated: Wednesday, December 4, 2013, 19:09

US-based technology major IBM is contesting a claim of the revenue department which has increased the company's taxable income substantially to around Rs 11,000 crore.

HC asks Vodafone to move DRP in transfer pricing case

Last Updated: Saturday, November 30, 2013, 00:04

The court, disposing of the petition, asked DRP to hear the case in two months, and gave Vodafone two weeks to approach it.

Tax row: HC asks IT department to decide on offer of Nokia

Last Updated: Thursday, November 28, 2013, 20:48

The Delhi High Court on Thursday asked the Income Tax (IT) department to take a decision on the offer of Finnish mobile maker Nokia to pay a minimum deposit of Rs 2,250 crore to it towards the tax liability of the company which is nearly Rs 6,500 crore.

'Wipro faces seizure of movable assets for not paying taxes'

Last Updated: Thursday, November 28, 2013, 18:22

India's third largest IT firm Wipro has been threatened with legal action by authorities for allegedly not paying Rs 16.47 crore property tax as sought by the Bangalore municipal corporation.

Apple under investigation in Italy for alleged $1.3 bn tax fraud

Last Updated: Wednesday, November 13, 2013, 23:47

US tech giant Apple is under investigation in Milan for allegedly hiding more than 1 billion euros (USD 1.34 billion) from the Italian taxman, a judicial source with direct knowledge of the matter told Reuters, confirming a local media report.

Shome against retro amendment of tax laws to raise revenue

Last Updated: Monday, October 21, 2013, 16:32

Amid long-pending dispute between Vodafone and tax authorities, Finance Minister's advisor Parthasarathi Shome on Monday said the government should not go in for retrospective amendment of tax laws to raise revenue.

'Vodafone to start start tax pre-conciliation talks with govt'

Last Updated: Thursday, September 19, 2013, 16:04

Faced with over Rs 11,200 crore tax liability, Vodafone India chief Analjit Singh on Thursday said the company will start the pre-conciliation talks with government to settle the dispute.