Microsoft is providing a $ 7.2 billion deal to buy Nokia's phone by product features.The contract mobile phones are in Sriperumbudur factory was going to Microsoft.
But can the past fiscal year to March 2007 from the Nokia company officials complained that they did not pay taxes on time. For the past seven years, Nokia had 21 thousand 153 crore as tax arrears informed the court. Established in January 2006, in Sriperumbudur plant test was conducted comprehensive income tax.
Nokia announced that the company has complied with the relevant rules. Finland and the Indian authorities to resolve the issue at the level of progress has been made in discussions. Microsoft Chennai plant in exchange for the transfer of tax arrears and crippled the Indian authorities. Meanwhile, the matter went to court.
The court allowed the company to Microsoft to change the tax payable in relation to the need to accept that the tax burden according to Microsoft. At the same time, the Nokia 2250 crore interim insurance company to pay income tax on the court. Nokia pay as much income tax you will see the final uttaraviltan.
With the Nokia factory in Sriperumbudur, Chennai seven thousand people are employed. This is Nokia's largest plant. Multinational companies operating in India are locked in dispute with the tax affairs.
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