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of <h1>Canada-India Double Tax Avoidance Agreement Covers Income and Capital Taxes, Including Property Gains, Under Specific Tax Acts.</h1> The Double Tax Avoidance Agreement (DTAA) between Canada and India applies to taxes on income and capital imposed by each country, regardless of how they are levied. It covers taxes on total income, capital, and elements thereof, including gains from property sales. Specifically, it applies to Canada's Income-tax Act and India's Income-tax and Wealth-tax Acts. The Agreement also extends to any similar taxes introduced after its signing. Both countries must annually inform each other of significant changes to their relevant tax laws under this Agreement.
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