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: Statement Verification.
- (A) Correct → Agricultural income is exempt.
- (B) Correct → Partial integration is available to the entities mentioned.
- (C) Incorrect → There is no Rs. 5000 limit.
- (D) Correct → Non-agricultural income must exceed the exemption limit.
Step 2: Identify the Correct Combination.
Correct statements: (A), (B), and (D)