The continued monetary yr 2024-25 ends on March 31.
The Earnings tax division places of work throughout the nation will stay open regardless of the weekend and Eid-al-Fitr which can fall on Monday.
In an order, the Central Board of Direct Taxes (CBDT) mentioned “to facilitate completion of pending departmental work, all of the Earnings Tax Places of work all through India shall stay open on twenty ninth, thirtieth and thirty first March, 2025.”
March 31, 2025, being the final day of the present monetary yr, all authorities funds and settlements pertaining to the fiscal need to be accomplished by that day.
March 31, can also be the final date for submitting up to date ITRs for AY 2023-24.
An identical directive was issued by the Reserve Financial institution of India (RBI) for banks coping with authorities enterprise to stay open on March 31, for the comfort of taxpayers.
In an effort to facilitate accounting of presidency receipts and funds within the present monetary yr itself, essential preparations have additionally been made to conduct particular clearing operations throughout the nation, the RBI had mentioned.
