Income Tax Return – ITR-2 Filing for AY has been started. The last date to file Income Tax Return (ITR) for FY 2024-25 (AY 2025-26) without a late fee is 31st July 2025. Check your ellgibility and apply for ITR -2 filing before due date in order to avoid late fee. Contact us Today
Are you confused about which Income Tax Return (ITR) form to use for filing your taxes? In this article, we will delve into the details of ITR-2 filing, the second most commonly used form for individual taxpayers in India.
ITR-2 is the form that needs to be filed by individuals and Hindu Undivided Families (HUFs) who do not have income from business or profession. It is meant for individuals who have income from more than one house property, capital gains, and foreign assets.
If you have income from salary, house property, capital gains, and foreign assets, you are required to file ITR-2. This form is also suitable for individuals who have income from sources other than business or profession.
Filing your ITR-2 form is a straightforward process. You can file it online on the Income Tax Department’s e-filing website. Make sure to fill in all the necessary details accurately and upload any supporting documents that may be required.
Filing your taxes using the ITR-2 form comes with several benefits:
For FY 2024-25 (AY 2025–26), the Income Tax Return (ITR) e-filing will begin in April 2025, and depending on the type of taxpayer, a sufficient amount of time will be given to submit their return. The following details the FY 2024-25 ITR filing deadline.
Filing your Income Tax Return using the ITR-2 form is essential for individuals with income from multiple sources. By following the guidelines and accurately reporting your income, you can ensure a smooth tax filing process and avoid any legal complications. Remember to file your taxes on time and stay compliant with the tax laws to enjoy a stress-free financial life.
In conclusion, ITR-2 filing is a crucial aspect of managing your finances effectively. By understanding the requirements and following the guidelines, you can ensure a hassle-free tax filing process and stay compliant with the tax laws.
Don't miss the deadline. File Your ITR for Salary, Business and Capital Gain Income. Contact us Today!
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