Question

Which of the following statements are true? (A) Agricultural income earned in India is exempted from tax
(B) Scheme of partial integration is available for individual, HUF, AOP, BOI or artificial judicial person
(C) For partial integration, net agricultural income of the individual assessee during the previous year should not exceed Rs. 5000
(D) For partial integration, non-agricultural taxable income should exceed the exemption limit

• A. (A), (B) and (C) only
• B. (A), (B) and (D) only
• C. (A), (B), (C) and (D)
• D. (A), (C) and (D) only

Hint:

Partial integration allows some agricultural income to be taxed along with non-agricultural income, but it has no Rs. 5000 cap.

Answer 1

The Correct Option is B

Step 1: Verify each statement.
- (A) True → Agricultural income is exempt
- (B) True → Partial integration available to mentioned entities
- (C) False → No such Rs. 5000 limit
- (D) True → Non-agricultural income must exceed exemption limit

Step 2: Identify correct combination.
Correct statements: (A), (B), (D)