Overview of ITR-2

ITR 2 is an Income Tax Return form designed for a certain group of taxpayers, namely individuals and HUFs who do not have any business or professional income. There are a few more conditions that must be met in order to file an ITR 2. We’ll talk about them.

Quick Information
Who can file ITR-2
- ELIGIBILITY

Individuals and HUFs (both residents and non-residents) can utilise Form ITR-2 to file their income tax returns if they have the following sources of income:

  • Salary/Pension

  • More than one House Property Income

  • Income from Capital Gain

  • Having Foreign Assets/ Income

  • Having Agriculture Income more than Rs.5000

     
     
Who can not file ITR-2
- INELIGIBILITY

Form ITR-2  cannot be filed in the following cases:

  • If Income exceeds Rs. 50 lacs

  • If a farmer’s income reaches Rs. 5,000, he or she is considered wealthy.

  • If there is income from business or profession

  • If there is any Capital Gain Income

  • If there is income from more than one house property

  • If an  individual is a Director of a company

  • If there is any Investment in unlisted equity shares

  • If an individual owns assets or has financial interest outside India or is the signing authority of an account located outside India.

  • If a person is an NRI (not ordinarily resident)

Documents required for ITR-2 Filling

Salary Slips/ Salary Certificate/ Form-16

 Tax-Savings Investment Proofs

Fill out Form 16A if any TDS has been deducted from your income.

 Aadhar Card

PAN card

Home Loan statement from Bank/

 Details of Foreign Assets/ Income

Home Loan statement from Bank

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It will not take more than 5 minutes

We can assist you with your ITR filling and support for your business within 24 hours while you sitting at your place with only a couple snaps of a mouse.

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Income Tax Return Filling

 
Steps & Procedures

Complete Roadmap of Process of ITR filling service

1

Fill the Form and make the payment

2

Our Tax expert will reach you soon after query

3

Upload info. and documents

4

Sent us the OTP that is sent to you

5

Filing of the ITR form, providing your details.

6

Congrats!
Your work is done.

Frequently Asked Question

I have filled my IT-return incorrect what should i do ?

You can file revised return & correct the mistakes/errors. The revised return can be filed at any time before the expiry of 1 year from the end of the relevant assessment year  
 

Who can not fill ITR-1 ?

  • If your total income exceeds Rs 50 lakhs.
  • If you have foreign assets
  • If you have agricultural income which is more than Rs. 5,000,
  • If you have taxable capital gains
  • If you have income from business or profession
  • If you have income from more than one house property

Who can not fill ITR-2 ?

This Return Form should not be filed by an individual whose total income for the assessment year 2017-18 includes Income from Business or Profession.
 

Who can not fill ITR-3 ?

The old ITR-4 tax form has been renamed ITR-3. If you've e-filed an ITR-3 for FY 2015-16, then you must file an ITR-2 now.
 

Who can not fill ITR-4 ?

The old ITR-4S tax form has been renamed ITR-4. If you've e-filed an ITR-4 for FY 2015-16, then you must file an ITR-3 now
 

Do you provide services in Chhattisgarh ?

Yes, Fintore India is an online platform that serves all of India. No matter where you do business, all you need is an internet connection on your phone or computer, and we'll take care of the rest.

Do i need to physically present for the process ?

No, you do not need to be physically present for the process; Fintore India is an online catering platform; all you need is an internet connection on your phone/computer and the relevant paperwork, and we can do the task regardless of where you are in India.