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:

• A. Both Statement I and Statement II are true
• B. Both Statement I and Statement II are false
• C. Statement I is true but Statement II is false
• D. Statement I is false but Statement II is true

Answer 1

Answer: (C)

Statement I is true but Statement II is false

Answer 2

The correct option is (C):Statement I is true but Statement II is false