Prelims • Paper 1 (GS) • 2018 • Q.8
Fiscal Policy/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".
Syllabus Connection
Government Budgeting. (GS-III)
NCERT Connection
Ch.5: Government Budget and the Economy
Economics • Class 12 • Class 12 Macroeconomics