Resident

Private Limited Company Public Limited Company Limited Liability Partnership Section 8 Company One Person Company Nidhi Company

Non-Resident

Liaison Office Branch Office Project Office Subsidiary Company Company Registration in India By Foreigners Global Capability Centre (GCC) in India

Registrations

GST Registration Import Export Code Registration In India Trademark Registration Start-up India Registration MSME Registration FCRA Registration

Regular Compliance

All Compliance Services Secretarial and FEMA Services Goods and Service Tax Direct Tax Services Accounting Services in India Payroll Services Virtual CFO Services

Compliance

ITR Filling Services Increase in Authorized Share Capital Change in Name of Company Strike off a company Appointment of Director Change of Objects

Advisory

ESOP Advisory in India Business Valuation Experts Market Study Legal and Tax Structuring Internal Audit Advisory Due Diligence FEMA Consultant and Advisor Business Deck/Information Memorandum Technical Accounting Advisory

Shareholders Agreement (SHA) Share Subscription Agreement (SSA) Share Purchase Agreement (SPA) Joint Venture Agreements Franchise Agreement Founder Agreement

Valuation

Business Valuation Valuation under Insolvency and Bankruptcy Code (IBC) Portfolio Valuation Valuation of Brands, Intangible Assets & Intellectual Property Fairness Opinion Services Financial Modelling Services | CompaniesNext Merger Valuation & Swap Ratio Valuation of Financial Securities, Instruments & Derivatives Valuation of Infrastructure Assets & Specialized Assets Acquisition Valuation Services Purchase Price Allocation (PPA) Valuation ESOP Valuation Services Startup Valuation Services Impairment Study for Intangible Assets and Goodwill Quick Value DCF Valuation ESOP Valuation

Ask a free Question Get an expert Opinion Find an expert Sign up as Consultant

Blogs Recent News Question and Answers Case Study Refer and Earn

What does the term "inter-source adjustment" mean?

Question

What does the term "inter-source adjustment" mean?

Expert Answer

Answered 25 Nov 2022

3944 views

If a taxpayer has a loss from any source falling under a specific head of income in any given year, he or she is permitted to offset that loss against revenue from any other source falling under the same head.

Intra-head adjustment is the process of adjusting a loss from one source under one head of income against an income from another source under that same head of income, for example, adjusting other sources of business A against firm B's profit.

Have a similar question?

Ask a Free Question Get Expert Opinion

Ready to Start Your Business Journey?

Download our comprehensive guides to help you understand the business landscape in India and make informed decisions.

Business Setup Guide Compliance Checklist

Have questions? Let's talk! Schedule Free Consultation