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Nokia India served fresh tax notice over AY 2010-11 dispute
Highlights
Income Tax department, on Saturday handed over a tax demand notice to Nokia India after it completed an assessment for 2010-11 in August this year.
Income Tax department, on Saturday handed over a tax demand notice to Nokia India after it completed an assessment for 2010-11 in August this year.
"An assessment order was passed in the case of Nokia India for Assessment Year (AY) 2010-11 in August 2015. The tax demand raised by this order was primarily based on issues arising from earlier orders," a tax department statement said.
The tax demand arose from the assessment order passed in August 2015 and it is being considered under the Mutual Agreement Procedure (MAP) of the India-Finland tax treaty.
"The demand arising from the assessment order passed in August, along with the demands raised earlier are already eing considered under MAP of the India-Finland tax treaty by the Competent Authorities in both countries," it added.
Earlier in 2013, the department had slapped a tax notice of Rs 2,000 crore on Nokia's Indian subsidiary for violating the withholding tax norms since 2006 while making royalty payments to the parent company in Finland.
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