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News INCOME TAX

  • Mar 28, 2026
  • Income tax offices to stay open on March 31 despite holiday – here’s why

    The Central Board of Direct Taxes has directed all Income Tax offices across the country to remain open on March 31, 2026, despite it being the holiday on account of Mahavir Jayanti.

    The order, issued under Section 119 of the Income-tax Act, 1961, is primarily administrative but significant. March 31 marks the last day of the financial year 2025-26, a crucial deadline for both taxpayers and the department.

    Officials said the decision is meant to clear pending assessments and departmental work, ensure smooth closure of accounts and facilitate last-minute compliance actions.

    In simple terms, it’s a ‘no backlog’ push before the books close for the year.
    Why March 31 matters so much

    Every year, March 31 becomes a high-pressure deadline in the tax ecosystem. This is when advance tax payments must be fully settled, tax-saving investments are finalized and pending notices or compliance actions are addressed.

    For the tax department, it’s also the time to wrap up scrutiny, reconcile data, and complete administrative targets.