Consider the following statements with reference to taxation in Budget 2020.
1. Dividend Distribution Tax (DDT) was abolished.
2. Tax on cooperative societies was to be reduced to 22% plus surcharge and cess as against 30% at present.
Which of the statements given above is/are correct?
1. Only 1
2. Both 1 and 2
3. Neither 1 nor 2
4. Only 2