Welcome Guest Login | Register | Site Map | | Make TelecomTiger my homepage     
Telecom News
Enterprise |  Policy & Regulation |  Mobiles & Tabs |  Corporate |  VAS |  People Movement  |  Technology  |  LTE
HandSet
Nokia under scrutiny in India for Tax evasion
TT Correspondent |  |  08 Jan 2013

There is another bad news for Nokia. Indian Income tax authorities today raided offices and manufacturing units of Nokia. The raids started early morning today as a large team of officials reached its manufacturing unit in Sriperumdur and offices in Chennai.

Sources say that the tax authorities suspect it to evade tax to the tune of Rs 3,000 crore, though it could not be confirmed from the Income tax department.

Nokia was the first company to manufacture mobile phones in India. At one point it sold the highest number of phones in India.

At the time of writing of the story, the raids were going on and the details will be known later.

    
 mail this article    print this article    Show and Post comment
08 Jan 2013(IST)  
Whitepaper
Maintain Business Continuity with Cisco ASR 9000 nV Technology
It is a virtual chassis solution where a pair of ASR 9000 routers acts as a single device by maintaining a single contr...read more
Simplify Your Network with Cisco ASR 9000 nV Technology
With the new Cisco Network Virtualization (nV) technology in the Cisco ASR 9000 Series Aggregation Services Routers, se...read more
Cisco Small Cell Solution: Reduce Costs, Improve Coverage
It is designed to address the challenge of mobile service coverage and to expand network capacity...read more