Description
ITR-2 form filling
Income tax return filing for persons having DIN or owing private limited company shares.
Income Tax Return (ITR) 2 Filing Form
The ITR-2 Form is an income tax return form that is used by Indian citizens as well as the NRIs to file their tax returns with the Income Tax Department of India. The taxpayers who are not eligible to file the ITR-1 can file ITR -2 form to file their income tax returns.
The individuals and Hindu Undivided Families who have their income for the financial year through salary or pension, more than one house property, income from capital gains, income from foreign assets, business or income from a profession as a partner and other sources including lottery racehorses, legal gambling are eligible to file their IT returns using form ITR -2.
Also, individual who is not eligible to file using ITR-1 because of the income exceeding Rs.50 lakh can file using ITR-2.
How to file ITR-2?
ITR-2 can be filed online and offline.
Just like ITR-1 Only super senior citizens can file ITR-2 offline.
We help people in filing returns online.
How to file the form online?
By furnishing the return electronically under digital signature. By Transmitting the data in the ITR-2 Form electronically under electronic verification code. By transmitting the data in the ITR-2 form electronically and then mailing the return by post in return form ITR-v to the Income Tax Office.
Assessee filing ITR-2 form under the third method must complete the acknowledgment in ITR-V. After preparing ITR-V, the assessee should print the copy of Form ITR-V and has to be signed by the assessee and has to be sent by speed post to
Post Bag No. 1,
Electronic City Office,
Bengaluru— 560 100,
Karnataka.
Who can file Form ITR-2?
- Income from Salary/Pension
- Income from House property (can be from more than one house property)
- Income from Capital gains
- Income from other sources (Lottery, bets on horses, and other gambling)
- Foreign Assets/Foreign Income
- Agricultural income more than Rs.5000
- Resident not an ordinary resident and an NRI.
- Also, a director of any company and an individual who is invested in unlisted equity shares of a company should file their returns in ITR-2
Who is not eligible to file Form ITR-2?
Individuals who have their income under the head of business or profession from a proprietorship should not file ITR Form-2. ITR Form 2 also should not be filed by a company or LLP or other types of a legal entities.
What information does ITR-2 Require?
- General information
- Details of income from salary/ pension
- Details of income from more than one house property
- Details of income from business and profession
- Details of income from others sources
- Statement of income after set off of current year and brought forward losses
- Statement of deductions under chapter VI A , 80G, 80GGA
- Schedule of AMT and AMTC
- Details of exempt income
- Assets and liability at year end
- Computation of total income and total tax liability
ITR-2 Plans
All Inclusive Pricing – No Hidden Fee
Income Tax return filing for person having DIN or owning private limited company shares.
Income Tax return filing for persons having capital gains.
Income Tax return filing for persons having foreign income or foreign assets.
General questions
ITR-2 must be filed by individuals and HUFs who are not eligible to file ITR-1 because of following reasons
Income exceeding Rs. 50 Lakhs
Having foreign assets / income
Having agricultural income which is more than Rs. 5,000,
Having taxable capital gains
Having income from business or profession as a partner
Having more than one house property
Individuals having income from a proprietorship , Corporates and firms cannot file ITR-2
Due date to file Non tax audit return of income is 31st July and of Tax audit return of income is 30th September as per section 139(1) of the income tax act
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