UPSC CSE Prelims 2018 Q8 — Indian Economy PYQ with Answer
2018Q8·Indian Economy·Taxation
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.
2. Non-resident entities that offer 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:
