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

Read the given statements and choose the correct option.
Statement 1: Under the Income-tax Act, 1961, a deduction equal to 30% of the annual value is allowed while computing income from house property.
Statement 2: Where the property has been acquired or constructed with borrowed capital, the maximum deduction for interest payable on such capital is capped at ₹2,00,000, subject to conditions.

AIBE - 2025
Legal Studies
Income Tax Law and Accounts

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Under Section 24(a) of the Income-tax Act, 1961, what percentage of the annual value of an income from house property is allowed as a standard deduction?

AIBE - 2025
Legal Studies
Income Tax Law and Accounts

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Match List-I with List-II:
\[\begin{array}{|l|l|} \hline \textbf{List-I} & \textbf{List-II} \\ \hline \text{(A) Sale of jewelry} & \text{(I) Income from Salary} \\ \hline \text{(B) Pension from former employer} & \text{(II) Capital gain/loss} \\ \hline \text{(C) Salary received from a partnership firm} & \text{(III) Income from other sources} \\ \hline \text{(D) Income from sub-letting of property} & \text{(IV) Profits and gains from business or profession} \\ \hline \end{array}\]