Nokia invokes MAP to resolve Rs. 2000cr tax demand for TDS non-deduction

May 06,2013

Nokia invokes Mutual Agreement Procedure (MAP) under Finland DTAA to solve Rs 2000 crore TDS matter through mutual resolution; Demand raised on Nokia India for alleged non-deduction of tax at source on software download payments to Nokia Finland; Revenue alleges that software used for manufacture of handsets in India constitutes royalty under IT Act as well as DTAA: Sources

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