Haryana declares restricted holiday for Eid-ul-Fitr on March 31 citing financial year closing | India News

Haryana CM Nayab Singh Saini (PTI photograph)

NEW DELHI: The Haryana authorities on Thursday introduced that Eid-ul-Fitr on March 31 might be noticed as a restricted holiday (Schedule-II) as an alternative of a gazetted holiday, citing the financial year closing.

“In partial modification of the Government Notification issued vide even number dated 26.12.2024, it is notified that Eid-ul-Fitr, i.e., 31st March 2025, shall be observed as a Restricted Holiday (Schedule-II) instead of a Gazetted Holiday, due to the fact that 29th and 30th March 2025 are weekend off days and 31st March being the closing day of the Financial Year 2024-2025,” the federal government’s notification learn.Meanwhile, the Income Tax Department has additionally introduced that its places of work throughout the nation will stay open from March 29 to March 31 to help taxpayers in finishing pending transactions earlier than the fiscal year ends.
The Central Board of Direct Taxes (CBDT) issued an order stating, “To facilitate completion of pending departmental work, all the Income Tax Offices throughout India shall remain open on 29th, 30th and 31st March, 2025.”
Since March 31 marks the final day of the financial year, all authorities funds and settlements should be finalized by that date. It can also be the deadline for submitting up to date Income Tax Returns (ITRs) for the evaluation year 2023-24.
The Reserve Bank of India (RBI) has issued an analogous directive for banks dealing with authorities transactions to stay open on March 31 to accommodate taxpayers.
“In order to facilitate accounting of government receipts and payments in the current financial year itself, necessary arrangements have also been made to conduct special clearing operations across the country,” the RBI acknowledged.