Consider the following statements regarding Google Tax 1 It has been levied to tackle the excessive ...........

Economic Affairs Tax System

Consider the following statements regarding Google Tax?

1. It has been levied to tackle the excessive avoidance measures adopted by digital companies.

2. It is a withholding tax.

3. The Indian version of Google tax is known as ‘Equalization levy’.

4. It was introduced in the budget 2016-17 to tap tax from income accruing to foreign e-commerce companies through advertisements.

Which of the above statement is/are correct?

1 and 2 only

2 and 3 only

1, 2 and 3 only

All of the above

All of the above statements are correct.

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