Nokia's tax evasion is the highest in the country

Chennai:

The Rs 2,500 to Rs 3,000 crore tax evasion by Nokia India is a unique case in the country and if the Finnish company’s Indian facility pays back the taxes, it would be the highest tax collected in the country, according to Income Tax sources.

Income tax sources told Express that the tax evasion by Nokia India is unique and was quite different from the one in which telecom major Vodafone was involved or the financial irregularity by Satyam computers.

In Vodafone case, the information was gained through the papers while on Nokia India we had specific intelligence, said the official. He also said that in the Satyam case it was more of a case of financial fraud where the company paid Rs 300 crore on non-existent taxes.

Sources also said that the tax evasion amount of Rs 2,500 crore to Rs 3,000 crore would be the highest in the country.

It is more likely that the evaded taxes could be collected by the end of March, sources added.