Last day Of Filing Income Tax Return Today

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 The government has extended the deadline for filing income tax return (ITR) for financial year 2016-17 to August 5. Last-minute filings, which overloaded the system, led to the extension for five more days, officials said.

 Yesterday, the income tax department further said its field offices will remain open till midnight today to facilitate very senior citizens and those with income below Rs. 5 lakh to file tax returns for 2016-17. 

Under one method you can download the applicable form from the income tax website, fill the form offline, save it, generate an XML file and then upload it. 

 While income tax returns can now be filed by August 5, the Aadhaar-PAN linking can be done till August 31.

The tax department has however cautioned that the returns (ITRs) will not be processed until the linkage of Aadhaar with PAN is done.

Experts say that tax payers should exercise caution while claiming HRA benefits. It is expected that HRA claims will be closely scrutinised henceforth considering the consistent introduction of measures during the past few years, says Sandeep Sehgal, director of tax and regulatory at Ashok Maheshwary & Associates LLP.

 "In fact, the chances are greater if the claim doesn't appear in Form 16 but claimed in the return," he adds.

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