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Income Tax Dept sets office in Delhi to deal with black money consent window
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New Delhi-IT Dept has set up a special office in New Delhi for those wish to utilize the recently notified one-time black money compliance window and declare their untaxed assets. The Central Board of Direct Taxes  has posted an senior commissioner to handle all the applications and process the declarations made in this regard to the dept, sources said. The Commissioner of International Tax income-2, has been designated to receive the declarations, a government mentioned in Govt notification.

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Foreign Direct Investment in manufacturing of tobacco products is prohibited

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New Delhi - RBI said that FDI in manufacturing of tobacco products is prohibited, though activities such as retail and wholesale trading fall under the sectoral restrictions.In a notification issued on Friday, RBI said Foreign Direct Investment (FDI) is prohibited in the manufacturing of cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes..

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