ITR-2 Return Filing

ITR-2 is a tax return form for individuals and Hindu Undivided Families (HUFs) who have income from sources such as salary, capital gains, house property, and other sources. It is applicable for individuals with income exceeding 50 lakh rupees or those having income from more than one house property, business or profession income, or capital gains. ITR-2 is used by taxpayers who are not eligible to file ITR-1 due to the nature or volume of their income. Filing ITR-2 ensures that your income is accurately reported and that you comply with the Income Tax Act.

Documents Required

Personal Information

PAN Card

Aadhaar Card

Bank Account Details (with IFSC)

Income Documents

Form 16 (Salary Certificate)

Salary Slips (if applicable)

Income from Other Sources (e.g., Interest, Dividends)

Income from House Property (Rent Agreement)

Capital Gains Documents (e.g., sale of property or shares)

Tax Deducted at Source (TDS) Documents

TDS Certificates (Form 16, Form 16A, Form 16B)

Form 26AS (Tax Credit Statement)

Process Timeline

Collect Necessary Documents

Gather your Form 16 (for salary income), interest income details, documents related to capital gains, rental income, and other relevant documents such as bank statements, and investment proof for deductions under sections like 80C, 80D, etc.

Login to Income Tax Portal

Visit the official income tax e-filing website and log in using your credentials. If you don’t have an account, create one by registering on the portal.

Select ITR-2 Form

After logging in, go to the ‘Income Tax Returns’ section and choose the ITR-2 form.

Enter Personal and Income Details

Fill in the personal details, including name, PAN, address, etc. Enter the income details such as salary, capital gains, rental income, and income from other sources like interest.

Declare Deductions

Report deductions such as those under section 80C, 80D, etc., to reduce your taxable income. Ensure you claim all eligible deductions to lower your tax liability.

Calculate Taxable Income and Tax Due

The system will automatically calculate your taxable income and tax liability based on the details provided. Cross-check the details and verify the calculations.

Submit the Form

After reviewing the details, submit the ITR-2 form electronically on the portal.

E-Verify the Return

E-verification of the return is mandatory. You can do this through OTP, Aadhaar-based authentication, or by sending the signed ITR-V form to the Income Tax Department.

Make Tax Payments (if applicable)

If any tax is payable, make the payment before submitting the return. Ensure the payment is made using the available online methods.

Download the Acknowledgment

After successful submission and verification, download the acknowledgment of your filed return for future reference.

Find the Perfect Fit for Your Budget

Choose from our range of flexible pricing options that cater to your specific needs.

₹3,499

Basic Plan

A brief description goes here

Get Started

Filing of ITR-2 for individuals with income from salary/pension, capital gains, income from multiple properties, and other sources (e.g., interest).

Detailed income reporting for salary, rental income, and capital gains.

Tax computation based on all declared income, including exemptions and deductions (e.g., 80C, 80D, 80G).

TDS adjustments and verification of all TDS claims.

Filing of return and submission to the Income Tax Department.

Email support for post-filing queries.

Turnaround Time: 3-4 working days.

₹6,499

Standard Plan

A brief description goes here

Get Started

Filing of ITR-2 for individuals with income from salary/pension, capital gains, multiple house properties, and other sources (e.g., interest, dividends).

Comprehensive review of income sources, including capital gains (short-term and long-term), rental income, and other sources.

Tax computation with optimal deductions and exemptions, including sections 80C, 80D, and 10(10D) (life insurance).

Reconciliation of TDS and checking of missing claims.

Filing of return and submission to the Income Tax Department.

Phone and email support for follow-up queries.

Turnaround Time: 4-5 working days.

₹9,999

Pro Plan

A brief description goes here

Get Started

Filing of ITR-2 for individuals with income from salary/pension, capital gains, multiple house properties, and foreign income (if applicable).

In-depth analysis of income from all sources, including capital gains (STCG/LTCG), house property income, and other foreign income.

Advanced tax planning to minimize tax liability by utilizing exemptions, deductions, and special tax treatments.

Tax computation and adjustments for tax-saving investments, medical insurance, etc.

Verification of Form 26AS and TDS reconciliation.

Filing of return with Income Tax Department and e-verification via Aadhaar or DSC.

Dedicated phone support for queries and detailed discussions.

Priority email support and post-filing assistance, including handling of any notices from the tax authorities.

Turnaround Time: 4-6 working days.

Frequently Asked Questions

Find answers to commonly asked questions about our products and services.

What is ITR-2?

ITR-2 is a form used by individuals and HUFs to file income tax returns when they have income from more than one source, such as salary, capital gains, house property, or other income. It is applicable for individuals whose income exceeds 50 lakh rupees.

Who needs to file ITR-2?

ITR-2 is for individuals or HUFs with income from salary, capital gains, multiple house properties, or income exceeding 50 lakh rupees . It is also used by taxpayers who have income from business or profession but are not eligible for ITR-3.

Can I file ITR-2 if I have income from salary and business?

If you have income from salary and business or profession, you should file ITR-3, not ITR-2. ITR-2 is only for those with income from salary, house property, capital gains, and other sources.

What documents are needed to file ITR-2?

You will need documents such as Form 16 (for salary), details of capital gains, rental income, bank statements, proof of deductions under sections 80C, 80D, etc., and any other relevant income-related documents.

Can I claim deductions under Section 80C in ITR-2?

Yes, you can claim deductions under Section 80C (e.g., for investments in LIC, PPF, NSC) in ITR-2 to reduce your taxable income.

How do I report capital gains in ITR-2?

You need to report your capital gains under the “Income from Capital Gains” section. This includes gains from the sale of property, shares, or mutual funds, along with details such as sale value, cost of acquisition, and holding period.

Is e-filing mandatory for ITR-2?

Yes, e-filing is mandatory for ITR-2. After submission, the return must be e-verified using methods like OTP or Aadhaar-based authentication.

Can I file ITR-2 if I have foreign income?

Yes, you can file ITR-2 if you have income from foreign sources, including income from investments, business, or property outside India. You will need to report this income and also claim any applicable foreign tax credits.