Tag: Nokia

Can Harish Salve Bail Out Nokia In The Rs. 6000 Crore Tax Evasion Case?

Nokia India has got itself into a terrible mess over alleged failure to deduct TDS on royalty payments to its parent company. What would have ended with a mere 10% tax rate has now become a horrendous tax liability. It is now desperate to sell its assets but the Income-tax department has a strangle-hold over it and is calling all the shots. It will take all of Harish Salveā€™s wizardry to pull Nokia out from the deep hole it is in. Can he do it?

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