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The government has announced that a firm can transfer used capital goods to set up units in SEZs, provided the value is less than 20 per cent of that needed to avail of tax benefits.

A look at how the provisions of the revised Direct Taxes Code will impact your finances.
A total of 926 computerised branches of various public and private sector banks have been allowed to receive advance income tax in Mumbai and Navi Mumbai.
The Bombay High Court has asked the Maharashtra government's Principal Secretary to file an affidavit by October 8 in response to the PIL.
Instead of replicating the old Act, we should focus on executing the existing laws.
The Finance Ministry says it is hopeful of getting the DTC bill approved by Parliament in the next fiscal.
Aimed at optimising tax revenue through enhanced compliance, the project worth Rs 40.49 crore has the Finance Department as a stake holder, among others.
The Central Board of Direct Taxes has extended the due date of filing I-T returns for the assessment year 2010-11 from September 30 to October 15.
Advance tax collections indicate that while sectors like banking, finance and auto have done well, cement and pharma were down as compared to last year's numbers.
With the deadline around the corner, it's important to know how to do the job with ease.