Friday December 13, 2013
Buoyed by the Delhi High Court's decision, Finnish handset maker Nokia has said it will now start the planned transfer of its Indian assets to Microsoft, but also said various statutory clearances are required before the handover.
Cities | Press Trust of India | Thursday December 12, 2013
Income Tax department has seized unaccounted cash to the tune of Rs 34 lakh from an air passenger who arrived in Jaipur from Guwahati at Sanganer airport.
Tuesday December 10, 2013
Nokia said on Monday that it has not been served with "any official claim" from the Income Tax Department, which has told the Delhi High Court that the mobile company owes it Rs 21,153 crore as tax liability (existing and anticipated), including pena...
Monday December 9, 2013
Workers of Nokia India's mobile manufacturing unit in Chennai on Monday moved the Delhi High Court seeking to safeguard their interests in view of the company's ongoing legal battle with the Income Tax Department over its tax liabilities.
Monday December 9, 2013
Nokia has offered to pay about Rs 3,000 crore to government to resolve a tax row so that its Chennai manufacturing plant can be de-frozen for sale to Microsoft Corporation, according to a senior official from the Finnish handset maker.
Press Trust of India | Monday December 9, 2013
The IT department told Delhi High Court on Monday that Nokia India and Nokia Corporation together owe Rs. 21,153 crores, including penalties.
Saturday December 7, 2013
Nokia and the Indian Income Tax department is fighting out a tax dispute case in Delhi High Court. 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 tol...
Press Trust of India | Wednesday December 4, 2013
The latest development in the Nokia - Indian IT department tussle sees the Finnish mobile manufacturer slapped with a notice.
Tuesday December 3, 2013
Finance Minister P Chidambaram will hold a review meeting on the Service Tax Voluntary Compliance Encouragement Scheme with senior officials of Customs, Central Excise and Service Tax on Wednesday, according to a senior official.
Press Trust of India | Monday December 2, 2013
A legal representative said Nokia was "not in a position to offer more," adding that Rs. 2,250 crores is minimum depending upon the outcome of its Microsoft deal.
Monday December 2, 2013
The Income Tax Department has told the Delhi High Court that Nokias offer to pay a minimum deposit of Rs 2,250 crore, against the Finnish mobile makers total tax liability of nearly Rs 6,500 crore, is not acceptable.
Tuesday November 26, 2013
Following amendment to the I-T Act 1961 last year, the Income Tax Department had issued a letter in January to Vodafone International Holdings BV stating that the company is required to pay the tax.
India | Press Trust of India | Friday November 22, 2013
An association of revenue department officers shot off a letter to Arvind Kejriwal, saying his recent utterances were "unnecessarily damaging the image of the fine service".
Wednesday November 6, 2013
The local unit of US technology services giant IBM said on Wednesday that it will "aggressively defend itself" through legal means against a tax demand for a reported $865 million by Indian authorities.
Agence France-Presse | Wednesday November 6, 2013
IBM India has responded to reports of Indian IT demands for roughly $865 million in outstanding taxes.
Reuters | Monday November 4, 2013
Various reports indicate that the Indian IT dept. has asked IBM's local unit to pay 53.57 billion rupees in outstanding income tax on fiscal 2009 revenue.
Assembly | Press Trust of India | Thursday October 31, 2013
Income Tax department has formed verifications cells in all 33 districts of Rajasthan to monitor movement of black money during the upcoming Assembly election in the state.
South | Press Trust of India | Wednesday October 30, 2013
Few activists belonging to a pro-Tamil outift allegedly threw a burning wooden log inside the premises of the Income Tax office in Salem today, protesting against External Affairs Minister Salman Khurshid confirming his participation at the CHOGM in ...
Assembly | Press Trust of India | Tuesday October 22, 2013
In the run up to Delhi assembly polls, the state Election Commission (EC) and the Income Tax (IT) department plan to undertake a drive against black money vitiating the electoral process.
Friday October 18, 2013
The income tax department has never looked at coercion as a way to unearth accounted money and the idea is not to create nightmares, a senior tax official said today.