ITR 2

[vc_row][vc_column][vc_column_text]In India, taxpayers are categorized based on their income, and specific Income Tax Return (ITR) forms are assigned accordingly. ITR-2 is designated for individuals and Hindu Undivided Families who do not earn income from professional or business activities[/vc_column_text][vc_custom_heading text=”Who Can File ITR2″ use_theme_fonts=”yes”][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]

1. Individuals:
   
   • Those who earn income from sources other than business or profession.
   • Individuals with income from salary, house property, capital gains, and other sources.
2. Hindu Undivided Families (HUFs):
   
   • HUFs that do not have income from business or profession.
3. Taxpayers with Specific Income Types:
   
   • Those who have earned income from:
   • More than one house property.
   • Capital gains (short-term and long-term).
   • Other sources of income such as interest, dividends, etc.
4. Those who have foreign income or assets.

[/vc_column_text][vc_custom_heading text=”Documents” use_theme_fonts=”yes”][vc_empty_space][vc_column_text]ITR-2 is an annexure-less form, so no documents need to be attached during submission. However, have the following documents ready for a hassle-free filing process: [/vc_column_text][vc_column_text]

1. Form 16/16A: Information about salary and TDS deductions.Form 26AS/AIS/TIS: Details regarding tax credits and TDS.
2. Bank Statements: Reflecting income from interest, dividends, or other transactions.
3. Capital Gains Details: Transaction documents for sold assets (property or stocks).
4. Identification Documents: Aadhaar card, PAN card, and other contact information for reference.

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