i. From a definite place two persons run in two directions making an angle equals to 0 120 with speed of 10km/h and 8km/h respectively.
after 5 hours what is the direct distance among the 2 person
Answers
Answer:
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Step-by-step explanation:
If income from a particular source is exempt from tax, then loss from such source cannot be set off against any other income which is chargeable to tax.
E.g., Agricultural income is exempt from tax, hence, if the taxpayer incurs loss from agricultural activity, then such loss cannot be adjusted against any other taxable income.
If in any year the taxpayer has incurred loss from any source under a particular head of income, then he is allowed to adjust such loss against income from any other source falling under the same head.
The process of adjustment of loss from a source under a particular head of income against income from other source under the same head of income is called intra-head adjustment, e.g., Adjustment of loss from business A against profit from business B.
Restrictions to be kept in mind while making intra-head adjustment of loss.
Long-term capital loss will only be adjusted towards long-term capital gains. However, a short-term capital loss can be set off against both long-term capital gains and short-term capital gain. ... But the losses from any other businesses or profession can be set off against profits from the specified businesses