ITR-2 Return Filing
Designed for individuals and HUFs who do not have income from business or profession. Applicable for taxpayers earning from salary or pension, owning multiple properties, capital gains (shares, mutual funds, property), and income from interest or dividends.
Not applicable for individuals with business income under ITR-3/4 or for partnership firm partners.
Simple, Transparent ITR Filing Pricing
Apply for your ITR Filing online with expert assistance and complete end-to-end tracking.
Personal
For resident salaried/pension earners with total income up to ₹50 lakh, one house...
- ✓ Income Tax computation
- ✓ Tax Consultation
- ✓ E Filing
Business
For individuals/HUFs whose income includes business or professional profits...
- ✓ Income Tax computation
- ✓ Tax Consultation
- ✓ E Filing
- ✓ Platform
Not for Profit
For all companies except those claiming charitable or religious exemption...
- ✓ Income Tax computation
- ✓ Tax Consultation
- ✓ E Filing
- ✓ Accounting Software
- ✓ MCA Compliance
ITR-2 Filing
ITR-2 is one of the income tax return forms prescribed by the Income Tax Department of India. It is used by individuals and Hindu Undivided Families (HUFs) who are not eligible to file ITR-1 because their sources of income are more extensive or complex. ITR-2 covers income from salary, pension, multiple house properties, capital gains, and foreign income or assets, making it suitable for a large segment of taxpayers with diverse incomes.
Filing ITR-2 with accuracy is essential to ensure smooth processing and avoid any tax notices or compliance issues. GST Shine provides professional assistance to help you file ITR-2 efficiently, ensuring every income component is accurately reported and tax benefits are maximised. With GST Shine’s expert ITR-2 filing services, you enjoy hassle-free compliance and dedicated support at every step.
What is ITR-2 Form?
ITR-2 is applicable to individuals and HUFs whose total income includes earnings from multiple sources that do not involve business or professional income. It is specifically designed for taxpayers with capital gains, foreign assets or income, or income from more than one house property.
ITR-2 is more detailed than ITR-1 and requires filling in comprehensive information related to investments, assets, and foreign holdings if applicable.
Who Can File ITR-2?
ITR-2 is applicable to Individuals and HUFs who meet the following criteria:
- Total Income: Exceeds ₹50 lakh in a financial year.
- Multiple Income Sources: Includes any of the following:
- Income from salary or pension
- Income from more than one house property
- Capital gains (Short-Term or Long-Term)
- Income from foreign assets or foreign income
- Income from dividend, interest or other investments
- Income as a partner in a partnership firm
- Income from agricultural land above ₹5,000
- NRIs: Non-resident Indians (NRIs) can file ITR-2
ITR-2 is not applicable for individuals whose income includes profits and gains from business or profession — they must file ITR-3.
ITR-2 Due Date
The due date for filing ITR-2 is usually July 31st following the end of the financial year. The government may extend this date when required. Filing on time helps avoid penalties and ensures smooth processing of refunds if applicable.