Nanak

question 27

Multiple Choice

Nanak

• A) was the last Mongol invader to successfully control the entire Indian subcontinent.
• B) was the favorite bodhisattva of the Mahayana Buddhists.
• C) renounced the Zoroastrian tradition of asceticism.
• D) founded a new religious movement known as Sikhism.
• E) conquered Delhi.

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Financial activities in which the taxpayer does not materially participate, often generating passive income or losses for tax purposes.

Rental Losses

Financial losses incurred from renting out property, often deductible under specific conditions on a taxpayer's return.

Active Income

Earnings received from direct labor or active business activities, as opposed to passive income from investments.

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