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UPSC CAPF Assistant Commandant Model Paper 6
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Question : 31
Total: 124
Which of the following terms correctly describes the term 'equalisation levy'? (August 2020)
It is a tax collected especially for the purpose of women empowerment
It is a minimum tax collected from companies who are exempted from tax under new MSME scheme
It is a minimum tax on companies who are already paying tax in those countries with whom India has a double taxation avoidance treaty
It is a tax on foreign e-commerce companies who are generating their income in India
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Solution:
The correct answer is
It is a tax on foreign e-commerce companies who are generating their income in India.
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