What do you mean by the vocations based on capital ? Explain with examples

Capital asset -investment activity is vocation or business being an adventure or concern in nature of commerce. Income/ loss from such activity will fall under different heads of income.

Explanation:

this is the correct answer

Vocation simply means a way of living for which one has a special fitness. So vocation simply means any type of activity in which a person is engaged and he earns his livelihood from such activity. Any gain or receipt arising out of vocation is certainly taxable under this head of income.

Explanation:

answer is a

explanation:

rational decision making is a multi-step process for making choices between alternatives. the process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight. the word “rational” in this context does not mean sane or clear-headed as it does in the colloquial sense.

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