Fiscal Policy & Taxation
Economic & Social Development · PYQ 2018
With reference to India’s decision to levy an equalization tax of 6% on online advertisement services offered by non resident entities, which of the following statement is/are correct?
1.It is introduced as a part of Income Tax Act.
2.Non Resident entities that offer advertisement services in India can claim a tax credit in their home country under the “Double Taxation Avoidance commission”.
Select the correct answer using the code given below: