1. 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

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