Q.5) 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?
It is introduced as a part of the Income Tax Act.
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:
1 Only
2 Only
Both 1 & 2
Neither 1 nor 2
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