Court accepts Nokia's plea to lift factory freeze in tax dispute

Last Updated: Thursday, December 12, 2013, 14:57

The Delhi High Court on Thursday accepted Nokia's plea for a direction to Income Tax department for lifting of the stay on transfer of assets in view of its USD 7.2 billion global deal with Microsoft.

7,000 Nokia employess keenly await Delhi HC verdict today

Last Updated: Thursday, December 12, 2013, 11:42

The Delhi High Court will pronounce Thursday its verdict on Nokia's plea for a direction to Income Tax department for lifting of the stay on transfer of assets here in view of its USD 7.2 billion global deal with Microsoft.

Nokia tax plea: High Court verdict Thursday

Last Updated: Wednesday, December 11, 2013, 21:15

The Delhi High Court will pronounce Thursday its verdict on Nokia's plea for a direction to Income Tax department for lifting of the stay on transfer of assets here in view of its USD 7.2 billion global deal with Microsoft.

BJP favours abolition of income, sales, excise tax

Last Updated: Wednesday, December 11, 2013, 21:06

BJP on Wednesday favoured abolition of income, sales and excise tax and the party may include it in its vision document to be unveiled ahead of General elections next year.

We have not received official tax claim of Rs 21,153 cr: Nokia

Last Updated: Monday, December 09, 2013, 20:50

Nokia Monday said that it has not been served with "any official claim" of the Income Tax (I-T) department that has told the Delhi High Court that the mobile company owes it Rs 21,153 crore as tax liability (existing and anticipated), including penalty.

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

Last Updated: Monday, December 09, 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 07, 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 06, 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.

Direct tax collection up 13% in Apr-Nov at Rs 3.68 lakh cr

Last Updated: Thursday, December 05, 2013, 20:21

Amid slowing economy, the gross direct tax collection has risen only by 13.18 percent to Rs 3.68 lakh crore during the April-November period of 2013-14 fiscal.

No service tax amnesty offer for next 20 years: Chidambaram

Last Updated: Wednesday, December 04, 2013, 21:24

Finance Minister P Chidambaram Wednesday said service tax amnesty scheme VCES is a lifetime opportunity as such offers are unlikely to come again in the next 20 years, even as he warned that evaders would eventually be "identified and reached".

IT Dept rejects Nokia's offer to pay Rs 2,250 cr in tax row

Last Updated: Monday, December 02, 2013, 18:51

The Income Tax (IT) Department Monday told the Delhi High Court that the offer of Finnish mobile maker Nokia to pay a minimum deposit of Rs 2,250 crore to it, out of the company's total tax liability of nearly Rs 6,500 crore, is not acceptable.

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.

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