File ITR-2 Form Online

Rome through your ITR-2 filing with us. If you earn from various income sources, have capital gains or property income, overseas assets — we make filing online easy for you and ensure full compliance. Salaried with investments Filing support Capital gains and property income included Foreign assets & VDAs Compliance covered Filing as per new Income Tax regulations Expert Review to avoid mistakes

What is the ITR-2 Form?

ITR-2 is for individuals and HUFs where income includes more heads as compared to ITR-14 (Sahaj). Here, you have to file ITR-2 if your income comprises of: Capital gains – be it shares, property or even mutual funds etc Income from more than one house properties Foreign income /assetss/ Virtual Digital Assets (cryptos, NFTs etc)  Note: One thing to note here is that while filing an ITR-2 you would not do so in case of a business/profession for which audit is mandatory.

ITR-2 in Income Tax: Purpose of ITR-2

Who should NOT use ITR-2?ITR-2 is required to be filled only if: the total income of a person exceeds ₹50 lakh, or the individual has foreign assets to report; and VDAs’ are needed.- If an individual doesn’t check any boxes from above, it means he/she can file using other forms like ITR1.

Who Can File ITR-2?

If the following situations are applicable, then ITR-2 should be used: You have made capital gains on the sale of house property, shares or assets held as investments. You possess more than two homes or a combination of rented and self-occupied property. You have assets or earn income from foreign land as a resident of India. You are a director of a company or owned unlisted shares at any time during the year. Your agricultural income exceeds ₹5,000. You received income from a lottery, gambling, horse race or VDA. You earn more than ₹50 lakh in annual income. You are an NRI (Non-resident Indian) or RNOR (Resident but not ordinarily resident). Your spouse/minor child’s income is clubbed with you (e.g., capital gains or foreign income) 2. You’re trying to apply capital losses from prior years.

Who Cannot File ITR-2?

If you have any business or professional income, then you can’t file ITR-2. In this scenario, you need to file ITR-3. This includes: Freelancing, Consulting or Professional services (Doctors/Lawyers etc.) Trading income – speculative or non–speculative Income under presumptive taxation [ Section 44AD,44ADA, 44AE] Partner’s income from a partnership firm/LLP (profit share, remuneration & interest)

How to fill the ITR-2 Form Online?

ITR-2 filing online is an easy process on Income Tax e-Filing Portal.

Get Ready with Documents

Have these ready before you file: PAN & Aadhaar Bank account details (with IFSC) Form 16 issued by employer Form 26AS, AIS and TIS of certain securities/certificates or deposits in any account under the Capital Goods Scheme and Tax Collection at Source components of ITD Rule 67A(1)(d) such as Purchase Tan Account Number and CIN etc., as per notification from the CBDT on December 21, 2005. Also read: Deadline to e-verify ITR for ay2017 extended till September end Property details (rent, interest paid on loan; municipal taxes); foreign income and assets if applicable; Income from cryptos/NFTs (VDAs); proof of advance/self-assessment tax payments.

Login & Select ITR-2

Visit incometax. gov.in Sign in using PAN + password (or Aadhaar OTP/net banking) Navigate to e-File > Income Tax Returns > File Return Select Assessment Year → Choose ITR-2

Verify Pre-Filled Data

The portal automatically populates information from Form 26AS, AIS, and TIS (such as TDS, bank interest, dividends). Review and correct if needed.

Enter Income Details

Salary & pension details (from Form 16) Schedule HP – Rental income, self-occupied property, housing loan details Schedule OS – Other income, such as interest and dividends Claim deductions under Chapter VI-A (80C, 80D, 80G etc.)

Report Capital Gains

File Schedule CG to report details of sale of assets (shares, mutual funds, property). Write ISIN, scrip name and purchase and sale date and amount of sale. Claim exemptions (54, 54EC, 54F). &&& To: Brokers Upload CSV if you have a lot of transactions.

Review, Pay, and Submit

System auto-calculates tax/refund. Pay remaining tax if any using Challan 280. (Review all entries) → Submit.

E-Verify the Return

Compulsory in 30 days through: Aadhaar OTP Net banking Demat account DSC (Digital Signature) Bank ATM

Documents Required for ITR-2 Filing

1. Primary Documents: PAN, Aadhaar, bank information.
2. Income Proofs: Form 16, rental/property papers, capital gain statements.
3. Deductions Proofs : LIC,PPF,ELSS health insurance, donations housing loan / interest.publisher.
4. Reconciliation Docs: Form 26AS, AIS, TIS.

ITR-2 Form: Schedules Breakdown

Part A – Personal information, filing type Schedule S – Salary/Pension income Schedule HP – House property income Schedule CG – Capital gains Schedule VDA – Income from cryptos/NFTs (new in ITR-2) Schedule OS – Other source of income (bank interest, lottery etc.) Schedule EI – Exempt income (agriculture etc.) Schedule FA: Foreign assets and liabilities Schudel AL: Assets and Liabilities MANDATORY From AY 2025-26 Assessment Year Didn’t Understand? What They are used for??? Here is what it means Details of the money received on your behalf by someone else i.e. date, amount advanced or credited to the account of Assesses Name only. if you receive any payment through bank for an amount more than Rs. queryInterface=(“service_code_details_view”, “n4060”) then each one who pays have to submit this details.…

Common Mistakes to Avoid

Wrong ITR form chosen (business income requires ITR-3, not ITR-2) Mistakes in reporting capital gains Not declaring small incomes (e.g. bank savings interest) Forgetting to e-verify within 30 days

What is ITR-U?

In case any income has been missed you cannot file revised returns and will have to till date wef 01.04.17 (AY 2017-18) within a period of two assessment years.

Important Deadlines

Date for ITR-2 filing: July 31 (ordinarily). For the 2025–26 AY, the date is September 15, 2025 (extended).