Nokia India unit gets $383 million tax demand; court stays order

MUMBAI/HELSINKI (Reuters) - Nokia's India unit has been served with an income tax demand of about 20.8 billion rupees ($383 million) for five fiscal years starting from 2006/07, according to a March 22 notice on an Indian court's website, in one of several tax disputes involving a foreign company. Nokia said on Thursday that Indian tax officials had issued the Finnish mobile phone maker an order and that the Delhi High Court had issued a stay on the demand. Nokia did not specify the amount in the order. ...



via Tech News Headlines - Yahoo! News http://news.yahoo.com/nokias-india-tax-demand-totals-383-million-court-094923061--finance.html