Question:
Given below are two statements:
Statement I: Agricultural income is totally exempted, provided it falls with in the definition of agricultural income given under section 2 (1A). Statement II: Any sum received by an individual as a member of a Hindu Undivided Family, shall be taxable in the hands of the member.
In the light of the above statements, choose the correct answer from the options given below:
Given below are two statements:
Statement I: Agricultural income is totally exempted, provided it falls with in the definition of agricultural income given under section 2 (1A). Statement II: Any sum received by an individual as a member of a Hindu Undivided Family, shall be taxable in the hands of the member.
In the light of the above statements, choose the correct answer from the options given below:
Statement I: Agricultural income is totally exempted, provided it falls with in the definition of agricultural income given under section 2 (1A). Statement II: Any sum received by an individual as a member of a Hindu Undivided Family, shall be taxable in the hands of the member.
In the light of the above statements, choose the correct answer from the options given below:
Updated On: Jun 22, 2024
- Both Statement I and Statement II are true
- Both Statement I and Statement II are false
- Statement I is true but Statement II is false
- Statement I is false but Statement II is true
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The Correct Option is C
Solution and Explanation
The correct option is (C):Statement I is true but Statement II is false
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