The I-T department had on 8th January conducted a survey operation at Nokia’s Sriperumpudur factory and said it had found prima facie defaults in TDS deductions on royalty payments made by the plant to its parent company
The Income Tax (I-T) department has slapped a Rs2,000 crore notice on Finnish mobile firm Nokia for alleged tax violation.
Earlier in January multi-national audit firm PricewaterhouseCoopers (PWC), auditors for Nokia India, was summoned by the I-T department to appear before it in connection with the alleged tax default by the Finnish handset maker’s plant in Tamil Nadu.
The I-T department had on 8th January conducted a survey operation at Nokia’s Sriperumpudur factory and said it had found prima facie defaults in TDS deductions on royalty payments made by the plant to its parent company. Nokia India had already said it was fully cooperating with the I-T department to ensure officials get the necessary information.
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