Nokia India to undergo special Audit before joining to Microsoft

Indian Government has pulled the Nokia India’s Chennai Factory under scrutiny over Sales Tax Dispute and now ordered for a special Audit because it is “too complex” case as per a tax official. Nokia is contesting over the taxation bills that amounts to billions of dollars. Basically, Nokia needs a clean chit from Indian Taxation Authorities so that the transaction of shifting the Nokia Devices Division to Microsoft can happen smoothly. However, Nokia clearly declines of any effects that could take place on the Nokia-Microsoft deal. LINK


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