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Income Tax Return 2 – (ITR-2)
ITR-2 Return Filing
For Individuals and HUFs not having income from profits and gains of business or profession
Pricing
₹2,499Onwards
Who Can file this Form?
ITR-2 form is for individuals and Hindu Undivided Families (HUFs) who fall under any of the following categories:
- The income of the taxpayer must be more than Rs.50 lakh
- Income can be created via salary or from a pension
- Income generated from house property
- Income generated from sources such as lottery or horse races
- In case the taxpayer is a company’s director)
- Agricultural income of the taxpayer is higher than Rs.5,000
- Revenue produced from capital gains
- In case any investments were made in equity bonds unlisted during the financial year
- Income is generated from foreign assets and foreign income
Who Cannot Opt for this Form?
- Taxpayers who make an income from profession and business cannot opt for ITR 2 form.
Documents & Information Required
Individual :
- Basic Information –PAN, AADHAAR, Account No & IFSC Code, Income Tax Website Credential
- Form 16
- Bank Statement
For Property :
- Home Loan Certificate
- Property Tax Paid
- Property Address with Pin Code
- If Rented – Rent Per Month, Name of Tenant, Tenant PAN
Details of Other Income :
- Saving Interest
- Dividend income from Equity
- Dividend income from Mutual Funds
- FDR Interest
- PPF Interest
- Any Other Income
Deducations :
- 80C – Investment – PPF, PF, LIC, ELSS, School Fees Receipts
- 80D – Mediclaim – For Self & Family , For Parents (Mention if they are senior citizen)
- NPS Contribution Self
- House Rent Paid IF any
In case of Equity or Mutual Funds – Excel report with following informations
- Date of Purchase
- Date of Sale
- Purchase Cost
- Sale Proceed
- In case of Property
- Date of Purchase
- Date of Sale
- Purchase Cost with Stamp Duty & Registration Fees
- Sale Proceed
- Any Transfer Expenses
New Property Purchased details :
- Date of Purchase
- Purchase Cost with Stamp Duty & Registration Fees