The ITR-2 filing is for individuals and HUFs who earn from salary, house property, capital gains, or other income—but not from business or profession.
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What is ITR-2 ?
In India, taxpayers file different ITR forms depending on their income sources. The ITR-2 form is for individuals and Hindu Undivided Families (HUFs) who earn income from salary, house property, capital gains, or other sources—but not from business or profession.
ITR-2 Form: Check Eligibility Criteria
The ITR-2 form is for individuals and Hindu Undivided Families (HUFs) who don’t have income from business or profession. You should file ITR-2 if your income comes from:
Salary or pension
One or more house properties
Capital gains/losses from sale of property or investments
Other sources like lottery winnings or horse race bets
Agricultural income above ₹5,000
Foreign income or foreign assets
Being an RNOR (Resident Not Ordinarily Resident) or Non-Resident
Holding a Director position in a listed or unlisted company
Who is Not Eligible for ITR-2 Filing?
You cannot file ITR-2 if:
You are an individual or HUF earning income from business or profession.
You are eligible to file the ITR-1 (Sahaj) form.
ITR-2 Form: Parts and Details
The ITR-2 form has two main parts:
Part A: General details like your Name, Address, DOB, PAN, Aadhaar, Contact Number, and Email ID.
Part B: Covers your total income and tax liability based on your earnings.
Part B – Computation in ITR-2 Form
Part B-TI: Total Income
This section calculates your Gross Total Income from salary, house property, capital gains, and other sources. After deducting eligible tax-saving deductions, your Total Income is determined.
Part B-TTI: Tax Liability
Based on your Total Income, your tax liability is computed for the assessment year.
Documents Required for ITR-2 Filing Online
The ITR-2 form is attachment-free, so you don’t need to submit any documents while filing. However, keep these ready for smooth and accurate filing:
Form 16 / 16A: Salary and TDS details
Form 26AS / AIS / TIS: Tax credits and TDS verification
Bank Statements: Income from interest, dividends, or other transactions
Capital Gains Documents: If you sold property, stocks, or other assets
Foreign Assets / Income Details: If applicable
Identification Documents: PAN, Aadhaar, and contact info
Having these documents handy ensures ITR-2 filing online is hassle-free.
How to Complete the ITR-2 Form
Filing Order: Complete the form in this sequence: Part A → Schedules → Part B-TI → Part B-TTI → Verification section.
Mark N/A: For any schedule or item that doesn’t apply to you, write ‘NA’.
Rounding Off: Round all figures to the nearest rupee, except total income/loss and tax payable, which should be rounded to the nearest ten rupees.
Employer Type: Select ‘Government’ if you’re a government employee, or ‘PSU’ if you work in a public sector company.
Double Taxation Relief: If you claim relief under sections 90/90A/91, you cannot use ITR-2.
Filing Previous Years: You can file ITR for the past two years under certain conditions—check guidelines carefully.
How to Submit Your ITR-2 Form
You can file ITR-2 either offline or online:
Offline Filing: If you are 80 years or above, you can file ITR-2 offline by submitting a paper return or bar-coded form. The Income Tax Department will give you an acknowledgment after submission.
Online Filing: Most taxpayers file ITR-2 online by uploading the form electronically, either with or without a digital signature. After filing, you must verify the return using ITR-V, and the acknowledgment will be sent to your registered email.
Why Choose Filingwise for ITR-2 Filing?
Expert Guidance: Our tax experts know exactly what the ITR-2 form requires and guide you step by step to ensure accuracy and compliance.
Easy & Convenient: File your ITR-2 online from anywhere—no queues, no paperwork, just a smooth digital process.
Error-Free Filing: We carefully review your ITR-2 form to avoid mistakes that could lead to tax issues later.
On-Time Filing: With Filingwise, you’ll never miss the deadline. We make sure your return is filed promptly to help you avoid penalties.
Get started with Filingwise today and file your ITR-2 with confidence—simple, accurate, and stress-free.
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