ITR-2 From Filing
ITR-2 Form Filing – Income Tax Return
The ITR-2 Form is an important Income Tax Return form used by Indian citizens, as well as Non Resident Indians to file their Tax Returns with the Income Tax Department of India. Individuals who are not eligible to use ITR-1 can use the ITR-2 Form.
Individuals and Hindu Undivided Families who have their Income for the Financial Year through Salary or Pension, more than House Property, Income from Capital Gains, Income from foreign assets/Income, Income from business or profession as a partner (not proprietor) and other sources including lottery, racehorses, legal gambling are eligible to file their IT Return using ITR-2. Individuals who are not eligible to file using ITR-1, because of their income exceeding ₹ 50 Lakhs, also need to file using ITR-2.
ITR-2 Form Filing
ITR-2 form can be used for filing income tax return of individuals and HUFs who have DIN or income earned from a business entity. File ITR-2 online or download PDF. Rs3500/-
Eligibility
ITR-2 is filed by NRIs, persons having more than 1 house property, persons holding DIN or shareholding in private limited company.
Penalty
The penalty for late filing income tax return is Rs.5000 – if filed before 31st December and Rs.10,000 – if filed before 31st March.
STANDARD
RS488
Income tax return filing for persons having DIN or owing private limited company shares.