Last month, the tribunal in Kolkata said that a company which pays Google or Yahoo to advertise their business does not have to deduct taxes at source on the money spent for advertising.
Nokia confirmed that the Finnish government has invoked the Double Taxation Avoidance Treaty between India and Finland but declined to comment further.
Edited excerpts of an interview with Sanjiv Kathuria, Country Head of Dotzot, the e-commerce logistics division of DTDC.
The government, which released the consolidated FDI policy on Friday, re-iterated that e-commerce companies can not retail directly to consumers. However, they can engage in b2b retailing.
Samsung is one of many companies in India that have been asked to pay tax dues. Many multi national companies, including Finnish phone maker Nokia, search giant Google and oil company Shell are being asked to pay up.
Techies can make great business leaders because of increased use of technology in business, their comfort with collaboration and a more global sensitivity.
Green the Gap, the Delhi based up-cycling store run by the NGO Swechha, is being threatened with a potential law suit by American apparel retailing giant GAP for allegedly infringing upon the retailers trademark.
Finnish phone maker Nokia has been asked to pay Rs 2,000 cr (~$370 mn) in taxes and penalties by the Income Tax department for allegedly evading taxes.
Ericsson, has sued India’s fastest growing tablet and smartphone maker Micromax for patent infringement, seeking Rs 100 cr in damages after negotiations between the two companies failed to reach a deal on licensing agreement.
The IT hardware industry had registered strong protest against the Government mandate for compulsory certification of all electronic goods and asked them to extend the deadline which was set to April 3 earlier.