March 31, 2026 deadline for key Income Tax and GST compliances: Time to take action now to prevent penalties and late fees

Taxpayers face a critical March 31, 2026 deadline for numerous income tax and GST filings. Missing these dates can lead to lost benefits and incur penalties. Key actions include filing ITR-U if needed, optimizing capital gains, and reviewing depreciation. For GST, businesses must reconcile returns, review input tax credit, and file LUT for exports. E-invoicing compliance also requires attention.