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ITR-2 Form Filing

Income tAX filing (ITR2)

Who needs to file itr2?

Individuals and Hindu Undivided Families (HUFs) who do not have income from profits and gains of business or profession can file ITR-2 online. Taxpayers with any of the following sources of income during the assessment year are eligible to file ITR-2:

Get expert guidance on accurately filing your ITR-2 form, ensuring compliance with tax regulations for individuals and HUFs with multiple income sources.

01

ITR-2 Filing Assistance

Understand tax compliance requirements for individuals earning from salary, house property, capital gains, and other sources, excluding business or professional income.

02

Compliance for Non-Business

Optimize your tax savings with strategic planning, deductions, and exemptions applicable under ITR-2 for a hassle-free filing experience.

03

Efficient Tax Planning

Seamless & Accurate

Expert Assistance for ITR 2 Form Filing

An Income Tax Return (ITR) is a vital document that taxpayers use to report their income and applicable taxes to the Income Tax Department. The Income Tax Act of 1961 defines various ITR forms and their filing procedures. Among them, ITR-2 is designated for individuals and Hindu Undivided Families (HUFs) who do not earn income from business or professional activities.


Understanding ITR-2 is essential for those with income from salary, house property, capital gains, or other sources apart from business or profession. This form ensures accurate tax reporting and compliance for eligible taxpayers.

Simple & Clear

Eligibility for ITR 2 Form

The ITR-2 form is designed for individuals and Hindu Undivided Families (HUFs) who do not earn income from Profits and Gains from Business or Profession. If your income falls under any of the following categories, you are required to file the ITR-2 form:

  • Income from salary or pension.

  • Income from house property, including multiple properties.

  • Capital gains or losses from the sale of investments or property, covering both short-term and long-term transactions.

  • Income from other sources, such as winnings from lotteries, racehorse betting, or other legally recognized gambling activities.

  • Agricultural income exceeding ₹5,000.

  • Foreign income or ownership of foreign assets.

  • Residential status as Resident Not Ordinarily Resident (RNOR) or Non-Resident.

  • Holding a directorship in listed or unlisted companies.

This clearly defines the eligibility criteria for filing the ITR-2 form.

Documents Needed for
ITR 2 Filing Form

The ITR-2 form is an annexure-less form, meaning no documents need to be attached during submission. However, before starting the filing process, ensure you have the following documents and information ready for a smooth and hassle-free experience:

Form 16/16A

These documents provide details about your salary and tax deducted at source (TDS).

Form 26AS/AIS/TIS

This statement contains essential details about tax credits, TDS (Tax Deducted at Source), and other relevant tax-related information.

Bank Statements

Gather bank statements that show income from interest, dividends, and other financial transactions.

Capital Gains Details

Collect the required transaction documents if you have sold assets such as property or stocks.

Foreign Assets & Income Details

Gather the necessary documents if you own foreign assets or have earned income abroad.

Aadhaar, PAN & Contact Info

Keep these identification documents ready for reference during the filing process.

Simple Guide

Instructions for ITR-2 Filing

If you are a person who can file ITR 2, you must know the ITR 2 filing process. During ITR 2 filing Form, it’s important to follow these instructions and guidelines:


Fill the form in this order: Part A, all schedules, Part B-TI, Part B-TTI, and verification; strike out non-applicable schedules and mark them as ‘NA’ for items that don’t apply; round off figures to the nearest rupee, except total income/loss and tax payable, which should be rounded to the nearest ten rupees; select ‘Government’ as the employer category if you’re a government employee, or ‘PSU’ for public sector employees; do not use ITR-2 if claiming double taxation relief under Section 90/90A/91.

Income from Salary & Pension

Income Tax Filing is mandatory if Tax payers have only salary or pension Income that is More than the Basic exemption Limit specified Under section 139 of the Income tax Law.

Basic Plan

₹499 to ₹999

Ideal for: Salaried individuals, pensioners, or those with very simple returns.

Includes:

  • Filing by a professional CA
  • Salary or pension income
  • Basic deductions (80C, 80D, etc.)
  • Bank interest income
  • Form 16 support

Add-ons:

  • Capital gains, rental and business income
  • No personal tax planning or optimization
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Standard Plan

₹1,499 to ₹2,499

Ideal for: Individuals with multiple income sources or capital gains.

Includes:

  • Everything in Basic Plan
  • Capital gains (Equity, Mutual Funds, Property)
  • Rental income / multiple properties
  • Freelancing or consultancy income (non-audit)
  • Tax planning report with
    recommendations
  • Advance tax computation if applicable

Add-ons:

  • Email + limited CA phone support
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Premium Plan

₹3,999 to ₹7,499

Ideal for: Business owners, NRIs, HNIs, audit-required taxpayers

Includes:

  • ITR-2 / ITR-3 Filing with Detailed Computation
  • Everything in Standard Plan
  • Business/professional income (audit/non-audit)
  • Foreign income, NRI tax filing, DTAA
  • Books of accounts review
  • Audit report filing (ITR-3, 5, 6, or 7 as applicable)
  • Response to income tax notices (limited scope)
  • Year-round tax support
  • Priority Support

Add-ons:

  • Priority WhatsApp, email, and direct CA consultation
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Invest Earn Optimize

Modes of Submission for ITR2

The ITR-2 filing process can be done through offline or online methods. Offline filing is available for individuals aged 80 or above, requiring a physical or bar-coded return. Online filing allows electronic submission with or without a digital signature for faster processing.

ITR 2 Filing Offline

Individuals aged 80 or above can file ITR-2 offline by submitting a physical paper return or a bar-coded form, receiving acknowledgment from the Income Tax Department.

ITR 2 Filing Online

For online ITR-2 filing, submit the required details electronically with or without a digital signature. After filing, verify the return using Form ITR-V. If submitted with a digital signature, the acknowledgment will be sent to your registered email.

Why Choose Rule Infinity for ITR-2?

The ITR-1 form includes multiple sections, each requiring specific details for accurate filing.

ITR-2 Return Filing FAQ's

What is ITR2?
Here's what is ITR2 all about, ITR-2 is an Income Tax Return form in India used by individuals and Hindu Undivided Families (HUFs) who have income from various sources but do not have income from business or profession.
 
Who can file ITR 2?
One who can file ITR 2 are the individuals and Hindu Undivided Families (HUFs) who do not have income from business or profession. It is suitable for those with income from salary, pension, multiple properties, capital gains, or foreign assets.
 
What is the due date for filing ITR-2?

The due date for filing ITR-2 typically falls on July 31st of the assessment year. However, it can be extended by the government if needed.

Can I file ITR-2 online?
Yes, you can file ITR-2 online on the official Income Tax Department website or through authorized e-filing portals.
Do I need to attach any documents with ITR-2?

No, ITR-2 is an annexure-less form, and you do not need to attach any documents when filing it.

What is the penalty for late filing of ITR-2?
If you file ITR-2 after the due date but before December 31st of the assessment year, you may be liable for a late filing fee of up to Rs 10,000.
How to file ITR 2?

To file ITR-2 in India, gather necessary documents like Form 16 and capital gains statements. Log in to the Income Tax Department’s e-filing portal, enter personal and income details, and report capital gains. Compute your tax liability, pay any dues, and submit the form online. Finally, e-verify your return using Aadhaar OTP, net banking, or by sending a signed ITR-V to the CPC.

How do I calculate my tax liability using ITR-2?

ITR-2 automatically computes your tax liability based on the income and deductions entered in the form.

Can I file ITR for last 2 years now?

Yes, you can file a belated return for the past two years, but penalties may apply. This addresses the common question of whether ITR can be filed for previous years.

What is the difference between ITR-1 and ITR 2?

ITR-1 is for individuals earning from salary, house property, and other sources. ITR-2 applies to those with capital gains, foreign assets, or foreign income.

Can I use ITR-2 if I have business income?

No, individuals with income from business or profession must file ITR-3 or ITR-4, as ITR-1 and ITR-2 are not applicable.

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