UPSC CAPF Assistant Commandant Model Paper 6

Question : 31 of 124

Marks: +1, -0

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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