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I-T dept to open 1,080 assessment offices in country

The Income Tax department hopes to mop up an additional revenue of more than Rs 25 crore by opening 1,080 assessment offices for taxpayers and increasing the number of tax collectors in every office.

Blackmoney: Govt to set up 14 new overseas I-T offices

The government will set up 14 more Income Tax Overseas Units (ITOUs) to deal with the menace of blackmoney and keep a tab on illegal routing of funds from abroad and parking money in foreign countries.