Dear Subscriber,
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 morphed into a horrendous tax liability. Nokia 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 Salve's wizardry to pull Nokia out from the deep hole it is in. Can he do it?
Regards,
Editor,
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