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

Question

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 statements is/are correct?
1. It is introduced as a part of the Income Tax Act. that entities offer
2. Non-resident advertisement services in India can claim a tax credit in their home country under the Double Taxation Avoidance Agreements".
Select the correct answer using the code given below:

Accepted Answer

(D) Neither 1 nor 2

Answer

(A) 1 only

Answer

(B) 2 only

Answer

(C) Both 1 and 2