An ITR-2 Form is a significant form of Income Tax Return that both Indian residents and Non Residents use to file their Tax Returns with India's Income Tax Department. The ITR-2 Form can be used by individuals who are not qualified to use ITR-1.
Individuals and Hindu Undivided Families who have their income for the Financial Year through salary or pension, more than House Property, Income from Capital Gains, Income from Foreign Assets / Income, Income from Business or Profession as Partner (not Proprietor) and other sources including lottery, racehorses, legal gambling are qualified to submit their IT Return using ITR-2. Individuals who are not eligible to file using ITR-1, also have to file using ITR-2 due to their income of more than 50 Lakhs.
The form ITR-2 can be submitted using three methods:
In the third method, Assessee filing ITR-2 form must complete the ITR-V acknowledgment.The assessee should print two copies of Form ITR-V after preparing ITR-V. One copy of ITR-V, duly signed by the assessee, should be sent by ordinary post to Post Bag No. 1, Electronic City Office, Bengaluru–560100 (Karnataka).
All-inclusive charges
Deposit of Income-tax return for individuals with DIN shares or private limited company shares.
All-inclusive charges
Deposit of income tax returns for people with capital gains.
All-inclusive charges
Receiving income tax returns for individuals with foreign assets or foreign income.