File Complex Individual Income withForm ITR-2
ITR-2 is used by eligible resident and non-resident individuals with income from salary, pension, one or more house properties, capital gains, partner income, foreign assets, or foreign income.
It may also apply where total income exceeds ₹50 lakhs or agricultural income exceeds ₹5,000, subject to the applicable conditions for the relevant assessment year.
Resident or Non-Resident
ITR-2 may be used by eligible individuals whether they are residents or non-residents, subject to the applicable income-tax rules.
Capital Gains
Income arising from the sale of assets, including applicable capital gains, may be reported through ITR-2.
Foreign Assets
Individuals with foreign assets or foreign income may be required to use ITR-2.
Partner Income
Income received by an individual as a partner in a firm may be reported through ITR-2 where applicable.
ITR-2 Filing Support
Capital gains, foreign assets, partner income, DIN, shareholding, tax computation, and filing support.
Report Multiple and ComplexSources of Income
ITR-2 is designed for individuals whose income profile goes beyond the simpler ITR-1 structure and may include multiple properties, capital gains, foreign assets, partner income, or higher total income.
Both resident and non-resident individuals may use ITR-2 where eligible. Residential status affects the scope of income and foreign-asset disclosures that may need to be reported.
Capital Gains and Foreign Assets
Income from the sale of assets and details of foreign assets or foreign income may require detailed schedules, supporting statements, and transaction-level review before filing.
DIN, Capital Gains andForeign Income Cases
ITR-2 is commonly used where the taxpayer has directorship, company-share ownership, capital gains, foreign assets, or overseas income.
DIN or Company Shares
Individuals having a Director Identification Number or owning shares in a private limited company may require detailed return reporting.
Capital Gains
Capital gains from shares, mutual funds, securities, property, or other assets require transaction-wise review and tax computation.
Foreign Income
Foreign salary, interest, dividends, rental income, or other overseas income may require disclosure and tax review.
Foreign Assets
Foreign bank accounts, shares, property, financial interests, and other reportable foreign assets may require disclosure.
Income Sources Covered UnderForm ITR-2
ITR-2 covers a wide range of individual income sources, including multiple properties, capital gains, partner income, higher income, and foreign assets.
Salary or Pension
Income from salary, pension, allowances, and eligible employment-related receipts may be reported in ITR-2.
One or More House Properties
ITR-2 may be used where the individual has income from one or more residential or other house properties.
Income from Other Sources
Income from interest, dividends, family pension, and other eligible sources may be included in the return.
Total Income Above ₹50 Lakhs
The supplied content includes individuals whose total income exceeds ₹50 lakhs among those who may use ITR-2.
Agricultural Income Above ₹5,000
Individuals with agricultural income exceeding ₹5,000 may use ITR-2, subject to the applicable conditions.
Income as a Partner in a Firm
Share of profit, interest, remuneration, or other eligible income received as a partner in a firm may be considered.
Capital Gains
Capital gains from the sale or transfer of shares, securities, mutual funds, land, buildings, or other capital assets may be reported.
Foreign Assets or Foreign Income
ITR-2 may be used where the taxpayer has foreign assets, foreign accounts, or income arising outside India.
Report Capital Gains andForeign Assets Accurately
ITR-2 contains detailed schedules for capital gains, foreign assets, foreign income, tax credits, house-property income, and other applicable disclosures. Accurate records should be maintained before preparing the return.
From Income Review toFinal Return Verification
The process covers document collection, residential-status review, tax-data verification, income computation, disclosure preparation, filing, and e-verification.
Collect Income Records
Collect Form 16, pension statements, bank-interest certificates, property details, capital-gain statements, partner-income records, and foreign-income documents.
Review Residential Status
Confirm whether the taxpayer is resident, non-resident, or resident but not ordinarily resident for the relevant financial year.
Verify Tax Information
Review Form 26AS, Annual Information Statement, Taxpayer Information Summary, TDS records, and advance-tax payments.
Calculate Taxable Income
Compute income under salary, house property, capital gains, other sources, partner income, and foreign income where applicable.
Prepare ITR-2
Enter income, deductions, foreign-asset disclosures, capital gains, tax payments, refund details, and bank-account information.
File and Verify the Return
Submit Form ITR-2 and complete the required e-verification using the available verification method.
Choose a Plan Based onYour Income Profile
Select the package that matches your DIN or shareholding, capital-gain, foreign-asset, or foreign-income filing requirements.
Basic
₹ 5,500
all inclusive fees
For persons having DIN or owning private limited company shares
- ✓Individual Income Tax Return Filing
- ✓DIN and Directorship Review
- ✓Private Limited Company Shareholding Review
- ✓Salary and Other Income Review
- ✓Tax Computation
- ✓ITR-2 Preparation
- ✓Return Filing and E-Verification Support
Eco
₹ 7,250
all inclusive fees
For persons having capital gains
- ✓Individual Income Tax Return Filing
- ✓Capital Gains Review
- ✓Share and Mutual Fund Transaction Review
- ✓Property or Asset Sale Review
- ✓Capital Gain Tax Computation
- ✓ITR-2 Preparation
- ✓Return Filing and E-Verification Support
Pro
₹ 9,000
all inclusive fees
For persons having foreign assets or foreign income
- ✓Individual Income Tax Return Filing
- ✓Foreign Income Review
- ✓Foreign Asset Disclosure Review
- ✓Residential Status Review
- ✓Double Taxation and Tax Credit Review
- ✓Detailed Tax Computation
- ✓ITR-2 Preparation
- ✓Return Filing and E-Verification Support
- ✓The supplied content states that ITR-2 may be used by eligible resident or non-resident individuals with salary, pension, house-property income, other income, capital gains, partner income, agricultural income above ₹5,000, or foreign assets and income.
- ✓Individuals with total income exceeding ₹50 lakhs may require ITR-2 where the other eligibility conditions are satisfied.
- ✓Capital gains and foreign-asset disclosures often require detailed transaction and document review before filing.
- ✓Current ITR-2 eligibility, disclosure schedules, residential-status rules, and tax provisions should be checked for the relevant assessment year.
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