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News Digest: Nokia, Airtel, Prasar Bharti, Dentsu, Vishwaroopam & More

- Nokia Tax Evasion Case The Income Tax Department has asked Nokia to pay Rs 13,000 crore before March 31, 2012 for tax and transfer-pricing issues, reports The Economic Times. Citing a source, the report said that the Income Tax Department has asked Nokia to pay Rs 3,000 crore for tax violations and Rs 10,000 for transfer pricing issues. This follows tax raids from Indian Income Tax officials on Nokia India’s Sriperumbudur (TamilNadu) plant and offices in Chennai earlier in the month. The Income Tax department had later apparently asked Nokia India for a clarification on non-payment of ‘tax deducted at source’ (TDS) on software supplies and on change in accounting model. The department had pointed out that Nokia India was sending its parent company Nokia OYJ, payments for software supplies since 2005, which attracted TDS as per the IT Act. However, Nokia did not deduct any TDS on these payments. - Bharti Airtel Bidding For Telecom License In Myanmar Bharti Airtel has submitted a bid for telecom license in Myanmar to expand its presence in Asia, reports The Hindu Business Line. The company currently has operations in Asian countries like India, Bangladesh and Sri Lanka. Airtel will be competing with four other contenders for these licenses which includes Singapore's Singapore Telecommunications (SingTel) and St Telemedia, Norway’s Telenor and Malaysia’s Axiata. Myanmar will be issuing these licenses in June and may last up to 20 years with an option for renewal, as indicated by the report. - Review Committee To Look Into Prasar Bharti's Role Indian Government…

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