Income Tax Return (ITR) 2

Income Tax Return (ITR) 2, also known as ITR-2, is a tax form designed for individuals and Hindu Undivided Families (HUFs) with income from salaries, multiple house properties, capital gains, and other sources. It is a more comprehensive form compared to ITR 1 and is suitable for individuals with diverse income sources.

Applications for Filing ITR 2

ITR 2 can be filed online using the Income Tax Department’s e-Filing Portal or through our commercial tax filing platform.

Eligibility Criteria for Filing ITR 2

Individuals and HUFs can file ITR 2 if they meet the following criteria:

• Resident taxpayers of India
• Total income exceeds Rs. 50 lakh
• Income from salaries, multiple house properties, capital gains, and other sources
• Not a director in any company or have not invested in unlisted equity shares

Documents Needed to File ITR 2

To file ITR 2, individuals typically need the following documents:

• PAN card
• Form 16 issued by the employer
• Bank account statements
• Property tax receipts (for all house properties)
• Interest income certificates
• Capital gains statements (if applicable)
• Proof of investments (if any)
• Proof of deductions (if any)