Taxation — PYQ Quiz

19 questions from 19 available | Practice mode

Order:

Question 1 of 19

UPSC 2025Taxation

Consider the following statements: Statement I: In India, income from allied agricultural activities like poultry farming and wool rearing in rural areas is exempted from any tax. Statement II: In India, rural agricultural land is not considered a capital asset under the provisions of the Income-tax Act, 1961. Which one of the following is correct in respect of the above statements?

Jump to question:

← Back to Taxation study page