ITR-2 Return Filing

ITR-2 Return Filing Expert Assistance for ITR 2 Form Filing – Easy My Tax

Filing your Income Tax Return (ITR) is an essential task for every taxpayer in India. For individuals and Hindu Undivided Families (HUFs) who earn income from salary, house property, capital gains, foreign assets, or other sources (but not from business or professional activities), the ITR-2 form is applicable. At Easy My Tax, we offer expert-assisted ITR-2 filing services to ensure your return is filed accurately, on time, and in compliance with the latest tax rules.

What is ITR-2?

ITR-2 is an Income Tax Return form specified under the Income Tax Act, 1961. It is meant for individuals and HUFs who do not earn income from business or profession but have income from the following sources:

• Salary or pension
• More than one house property
• Capital gains from the sale of property, stocks, or mutual funds
• Other income such as interest, dividends, or winnings from lotteries
• Agricultural income exceeding Rs 5,000
• Foreign income or ownership of foreign assets
• Residential status as Non-Resident or Resident Not Ordinarily Resident
• Directorship in listed or unlisted companies

Who is Not Eligible for ITR-2?

ITR-2 is not applicable if:

• You have income from business or professional activities
• You are eligible to file ITR-1 (Sahaj), which is for simpler income profiles

Structure of the ITR-2 Form

The ITR-2 form includes the following parts:

• Part A: General information such as your name, address, PAN, Aadhaar, contact details
• Part B-TI: Computation of total income from all sources
• Part B-TTI: Calculation of tax liability on total income
• Schedules: Separate sections to report details of each income source and deductions

Documents Required for ITR-2 Filing

Although ITR-2 does not require you to attach documents during filing, you should keep the following ready:

• Form 16 or Form 16A for salary and TDS details
• Form 26AS, AIS, and TIS for tax credit and income information
• Bank account statements for interest or dividend income
• Details of capital gains from sale of property or investments
• Proof of foreign income or foreign assets, if applicable
• Aadhaar card, PAN card, and other ID and contact details

Instructions for Filing ITR-2

To file ITR-2 correctly, follow these steps:

• Fill the form in this order: Part A, all applicable schedules, Part B-TI, Part B-TTI, and verification
• Mark "NA" for sections that do not apply to you
• Round off values to the nearest rupee, except total income and tax, which should be rounded to the nearest ten rupees
• Choose your employer type accurately (Government, PSU, or Other)
• If you are claiming tax relief under section 90, 90A, or 91 for foreign income, ITR-2 is not applicable

How to File ITR-2

You can file ITR-2 either offline or online, depending on your eligibility.

Offline Filing
Only individuals who are 80 years or older can file ITR-2 offline by submitting a paper return or bar-coded return. An acknowledgment is given upon submission.

Online Filing
Most taxpayers file ITR-2 online through the income tax portal. You can file the return with or without a digital signature. If filed without a digital signature, you need to verify the return using ITR-V, which can be sent physically or verified electronically.

Why Choose Easy My Tax for ITR-2 Filing?

Easy My Tax offers professional and reliable support for filing ITR-2. Here’s why you should file with us:

• Expert guidance from experienced tax professionals
• Online and hassle-free process from start to finish
• Thorough review to ensure your return is error-free
• Timely filing to help you avoid penalties
• Up-to-date knowledge of the latest tax rules and procedures

Get Started with Easy My Tax

If your income includes salary, house property, capital gains, or foreign assets, and you're not involved in business or professional work, ITR-2 is the right form for you. At Easy My Tax, we make the process simple and stress-free.

Contact us today and let our experts handle your ITR-2 filing with precision and care.