Decoding Section 112
Understanding Section 112 of the Income Tax Act: Tax Implications on Long-Term Capital Gains

Discover how Section 112 of the Income Tax Act affects long-term capital gains tax rates for investments.

Investment Income Reporting
Do I Need to Report My Investment Income?

Learn about the necessity of reporting investment income, including dividends and capital gains, for tax compliance.

Tax Benefit Tips
Understanding Tax Loss Carry Forward: Concept and Example Explained

Learn how tax loss carry forward works with an example to reduce future taxable income. Ideal for tax planning strategies.

Claiming Depreciation
Is Claiming Depreciation Mandatory for Income Tax?

Discover the requirements for claiming depreciation on assets for income tax and the impact on your capital gains.

Income Tax Act Simplified
Understanding Section 48 of the Income Tax Act: Capital Gains Explained

Learn how Section 48 of the Income Tax Act impacts the computation of capital gains and taxable income from asset sales.