Assertion: Under Article 26, all persons have the right to freedom of conscience, and freedom to profess, practice and propagate religion as long as their acts do not threaten public order, morality and health.
Reasoning: State may regulate or restrict economic, financial, political or other secular activities that are associated with religious practice.

Assertion (A) is not true but Reasoning (R) is correct.

Under article 25, all persons have the right to freedom of conscience, and freedom to profess, practice and propagate religion as long as their acts do not threaten public order, morality and health. State may regulate or restrict economic, financial, political or other secular activities that are associated with religious practice.