Q. 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 offers advertisement services in India.
2.Non-resident entities that offer advertisement services in Indian can claim a tax credit in their home country under the “Double Taxation Avoidance Agreements”.
Select the correct answer using the code given below: