ITR 2 Filing
Need to file ITR 2? Get fast, secure, and expert-assisted ITR 2 filing for salaried individuals, directors, or those with multiple incomes. Avoid penalties and file your income tax return on time. Hassle-free process with complete support. Start your ITR 2 filing today and stay tax-compliant!
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What Is ITR 2 Filing and Who Should File It?
Filing your income tax return is an important responsibility if you earn money in India. If you are a salaried person, a director in a company, or have income from sources like capital gains or more than one house property, you may need to file your return using ITR Form 2.
What Is ITR 2?
ITR 2 is a specific form for filing your income tax return. The “ITR” stands for Income Tax Return. It’s used by individuals and Hindu Undivided Families who have a certain type of income. The key thing to remember about ITR-2 is that it’s for people who do not have any income from a business or a profession.
Who Should File ITR 2?
You should use ITR 2 if you are an individual or an HUF and your income comes from one or more of the following sources:
- Income from Salary or Pension: This is for those who are employed or retired.
- Income from House Property: This includes income from a rented property you own.
- Income from Other Sources: This covers income like interest from savings accounts, fixed deposits, or family pensions.
- Capital Gains: This is the profit you make from selling assets like shares, mutual funds, or property. This is a very common reason for using ITR-2.
- Foreign Assets or Foreign Income: If you have assets located outside of India or earn income from abroad.
Why Is It Important to File ITR 2?
Filing your income tax return isn’t just a legal obligation—it also has many practical benefits:
1. Avoid Penalties
If you don’t file your ITR by the deadline, you may have to pay a penalty of up to ₹5,000 or more.
2. Claim Refunds
If excess TDS (Tax Deducted at Source) has been deducted from your salary or investments, you can get it back only if you file your ITR.
3. Loan and Visa Processing
Banks and embassies often ask for ITR copies when you apply for loans or visas. Filing your return regularly builds your financial profile.
4. Carry Forward Losses
If you have capital losses (for example, from selling shares at a loss), you can carry them forward and set them off against future gains—but only if you file your return on time.
5. Peace of Mind
A filed ITR is proof that you’ve declared your income honestly. It keeps you on the right side of the law.
ITR 2 Filing Fee
For AY 2025-26
- Computation
- ITR acknowledgment
- Filed ITR form
Documents Required for ITR 2 Filing
- Rent paid – if any
- Home loan interest certificate if any
- School fee – if any
- Lic policy receipt if any
- Health insurance receipt if any
- Medical expenses – if any
- Salary Slip for last financial year
- Form 16 – if have
- User id and password of income tax portal – if remembered
ITR 2 Filing Due Date for AY 2025-26
For Assessment Year (AY) 2025-26, which corresponds to the Financial Year (FY) 2024-25, the due date for filing ITR 2 for individuals whose accounts are not required to be audited has been extended to September 15, 2025.
Initially, the due date was July 31, 2025, but the Central Board of Direct Taxes (CBDT) extended it due to extensive changes in the ITR forms and the time needed for system readiness and rollout of utilities.
Income Tax Return Filing for AY 2025-26
Don't miss the deadline. File Your ITR for Salary, Business and Capital Gain Income. Contact us Today!
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