Who Should File ITR-2?
Individuals and Hindu Undivided Families (HUFs) who:
Have income from salary/pension, more than one house property, capital gains, or foreign assets/income
Have agricultural income exceeding ₹5,000
Have income from other sources (including lottery, racehorses, etc.)
Have total income exceeding ₹50 lakh
Need to report income of another person (spouse, minor child, etc.) to be clubbed with their own
Not eligible:
Those with income from business or profession
Partners in a firm receiving salary, commission, or remuneration from the firm
Individuals eligible for ITR-1 or ITR-4
Required Documents for ITR-2 Filing
| Document Type | Details/Description |
|---|---|
| PAN Card | Self-attested copy |
| Aadhaar Card | Self-attested copy |
| Bank Account Details | Passbook or statement for all accounts |
| Form 16 | TDS certificate from employer (if salaried) |
| Form 16A | TDS certificate for interest income (FDs, savings, etc.) |
| Form 26AS | Tax credit statement for TDS/TCS and advance tax |
| Capital Gains Statements | Broker statements, sale/purchase deeds, mutual fund statements |
| Rent Receipts | For HRA claim or income from house property |
| Home Loan/Interest Certificates | If claiming deductions for home loan interest |
| Investment Proofs | For deductions under Section 80C, 80D, 80G, etc. |
| Previous Year’s ITR | For reference and carry-forward of losses, if any |
| Other Income Proofs | Interest certificates, dividend statements, etc. |
| Foreign Asset/Income Details | If applicable, details of foreign assets, accounts, and income |
| Digital Signature (if applicable) | For audit cases or if opting for DSC-based filing |
ITR-2 Filing Online: Step-by-Step Process
1. Collect and Organize Documents
Gather all required documents and proofs before starting the filing process.
2. Login to the Income Tax Portal
Use your PAN and password to log in. Register if you are a new user.
3. Select the Assessment Year and ITR-2 Form
Choose the correct assessment year (e.g., AY 2025-26 for FY 2024-25). Select ITR-2 as the return type.
4. Fill in Personal and Income Details
Enter personal information (auto-filled from profile; update if needed). Provide details of salary, house property, capital gains, other sources, and foreign income/assets.
5. Claim Deductions and Compute Tax
Enter eligible deductions (Sections 80C, 80D, 80G, etc.). Compute total tax liability and check for any tax payable or refund due.
6. Validate and Preview Return
Review all entries for accuracy. Preview the return before submission.
7. Submit and E-Verify
Submit the return online. E-verify using Aadhaar OTP, EVC (Electronic Verification Code), net banking, or by sending a signed ITR-V to CPC. E-verification is mandatory to complete the filing process.
ITR-2 Filing Compliance Checklist
| Step/Requirement | Description |
|---|---|
| Eligibility Check | Confirm you meet all ITR-2 eligibility criteria |
| Document Collection | Gather all required documents and proofs |
| Bank Account Pre-validation | Ensure at least one bank account is pre-validated for refunds |
| PAN-Aadhaar Linking | PAN must be linked with Aadhaar |
| Income and Deduction Details | Enter all sources of income and eligible deductions |
| Tax Payment Verification | Confirm all advance/self-assessment tax payments are reflected |
| Foreign Asset/Income Reporting | Disclose all foreign assets and income, if applicable |
| E-Verification | Complete e-verification within 30 days of filing |
| Deadline Compliance | File before the due date to avoid penalties |
Frequently Asked Questions (FAQs)
Who is eligible to file ITR-2?
Individuals and HUFs with income from salary, more than one house property, capital gains, foreign assets/income, or agricultural income above ₹5,000, and not having business/professional income.
What are the key documents required for ITR-2 filing?
PAN, Aadhaar, bank statements, TDS certificates, capital gains statements, investment proofs, Form 26AS, and documents for deductions and foreign assets/income.
What is the due date for ITR-2 filing?
Generally, July 31st of the assessment year, unless extended by the government.
How do I e-verify my ITR-2?
You can e-verify using Aadhaar OTP, EVC, net banking, or by sending a signed ITR-V to the CPC. E-verification is mandatory to complete the process.
What happens if I miss the filing deadline?
Late filing attracts a penalty and may result in loss of certain benefits like carry-forward of losses and interest on refunds.
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