Good Friday Long Weekend: The Income Tax Department has canceled the long weekend falling this month due to Good Friday. This year Good Friday is on 29 March. 30th March is Saturday and 31st March is again Sunday. Also, the financial year 2023-24 is going to end on March 31. For this reason, the Income Tax Department has said that IT offices across the country will remain open on March 29, 30 and 31.
Three day long weekend cancelled
Initially people were feeling that they were going to get a three-day long weekend at the end of the financial year. Now according to the report of Economic Times, the Income Tax Department has made it clear that all offices will remain open for these 3 days. The government is trying to ensure that the long weekend falling due to Good Friday does not affect its work in the last week of the financial year. This decision of the government will benefit the Income Tax Department as well as the taxpayers.
These works of the department get stuck
The Income Tax Department has said in its official order that all offices will remain open for the last 3 days of the financial year to complete the incomplete work of the department. According to the report, this date is considered very important for TDS deduction. Also 194M or 194 IA also has to be filled by 30th March. Apart from this, the deadline for many tax saving schemes including FD, ELSS, ULIP, PPF, SCSS, NSC is also 31st March. That's why the long weekend of Good Friday was worrying the Income Tax Department.
Stock market will remain closed, banks will open on Saturday
After this decision of the Income Tax Department, if you were planning to do tax related work, then you will get relief. Earlier news had come that the stock market will remain closed on long weekend and banks will also remain open on Saturday, March 30.
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