ITR-2

ITR-2

ITR-2

(Individuals and HUF with no Business Income.)

ITR-2 is a specific income tax return form in India that is filed by individuals and Hindu Undivided Families (HUFs) who do not qualify to file ITR-1 Sahaj and does not income from profits and gains of business or profession

Required Documents:

  • Form 16: This is a certificate provided by your employer that summarizes your salary, taxes deducted, and other details.
  • Bank Statements: Copies of bank statements for all savings and current accounts held during the financial year.
  • Aadhaar Card: The unique identification number issued by the Indian government is required for identity verification.
  • PAN Card: The Permanent Account Number (PAN) card is necessary for tax-related transactions and identification purposes.
  • TDS Certificates: If you have earned interest income or received any income where tax has been deducted at source, you will need TDS certificates.
  • Details of Investments: Provide details of investments made during the financial year, such as shares, mutual funds, bonds, or any other investments eligible for tax deductions.
  • Property Details: If you own multiple properties or have income from house property, provide details such as addresses, ownership type, and rental income earned.
  • Capital Gains: If you have earned capital gains from the sale of assets like stocks, real estate, or other investments, provide the details of the transactions.
  • Foreign Assets and Income: If you have foreign assets or earned income from outside India, provide the relevant details, including any foreign bank accounts.