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  1. Home
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International Relations·Easy

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 :

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 :

Options

  1. a.

    1 only

    Correct answer
  2. b.

    2 only

  3. c.

    Both 1 and 2

  4. d.

    Neither 1 nor 2

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