Consider the following statements with respect to Equalization Levy:
1. Equalization Levy is an Indirect Tax
2. It is a tax on non-resident companies for online advertisement
3. It is introduced in 2015
Which of the following below given codes are correct?
  • a)
    1 only
  • b)
    1 and 2 only
  • c)
    2 only
  • d)
    2 and 3 only
Correct answer is option 'C'. Can you explain this answer?

UPSC Question

By Ruli Ram · Aug 05, 2020 ·UPSC
Bimla Devi answered Aug 08, 2020
The equalization levy, introduced in 2016, is a direct tax on payments made by residents to non-resident companies for online advertisement, provision of digital and advertising space or any other facility or service for online advertisement.

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