Nokia Raises Tax Issue With Commerce Minister Anand Sharma; Will Stay In India

37
cmt right
42
Comment Right
60
cmt right
14
cmt right
Printer Print Email Email


New Delhi: Finnish mobile phone maker Nokia today raised the 2,080 crore tax dispute with Commerce Minister Anand Sharma, seeking his help for an early resolution of the matter.



"He (Nokia Executive Vice President for Devices and Services Stephen Elop) met the Minister and asked him to resolve the tax issue. The Minister has suggested he should approach the ministry concerned, which is the Finance Ministry," a source said.



Nokia India has been slapped with a tax demand notice of 2,080 crore for the five years beginning 2006-07. The demand concerns the tax treatment of payments made for software supplied by Nokia's parent company for devices produced in India. Indian tax authorities consider the payments as royalties that are subject to taxation in India.



While Elop refused to say if he raised the tax demand with Sharma, sources said the issue figured during the talks.



Elop said, "The principal reason here is to reassure and provide complete support for our great efforts here in India. I have had the opportunity to meet the minister just a few minutes ago."



Also Read: Indian IT Firms Need To Hire More Locals For Onsite Operations: Narayana Murthy



Also Read: Indian Engineer To Get 8.4 Lakh For Exposing Facebook's Image-Deleting Bug


Source: PTI
next new
SPOTLIGHT
ATEN India Showcases its World
ATEN India, the Liaison Office of ATEN International, exhibited it's most promising data center in..
Robyn Denholm is new Tesla
Electric car company Tesla on Thursday announced the appointment of Robyn Denholm, an executive at..
Apple top-selling phone brand in
Moving ahead of its Chinese rivals, Apple became the top-selling phone brand during Chinese e-comm..
Gartner cites Newgen Software as
Newgen Software, a provider of Business Process Management (BPM), Enterprise Content Management (E..