ITR-2 Return Filing

You are eligible if:

Individuals who weren’t eligible to file ITR 1 can also file ITR 2. This includes the below mentions:

1. Income from
   1. Salary/Pension
   2. House property (even if owns multiple properties)
   3. Capital gains
   other sources including winning lottery, gambling, etc.)
   4. Foreign Assets/Income
2. Income from agriculture (more than 5000)
3. Non-residents and unordinary residents
4. A member of the director board who has non-recorded equity shares during the financial year.

You aren’t eligible if:

1. Earning partial or full income from a business or field as an individual or Hindu Undivided Family.
2. Eligible individuals to file ITR 1 Form.
3. Who are partners in the Partnership Firm

Documents required

1. Copy of the previous year’s tax return
2. Bank Statement
3. TDS Certificate
4. Savings Certificate/ Deductions
5. Interest Statement that showing the interest that is paid throughout the year.
6. Balance sheet, Account Statement, P & I, and other Audit reports wherever they are applicable.

Steps to file ITR 2 Form

1. The entire procedure can be held in hands with the Income Tax
2. Department either offline or online.
3. During the submission of the paper return, the Income Tax
4. Department issues an acknowledgment to the taxpayer.
5. With the help of Digital Signature, the process of return and the submission of ITR 2 forms will be electronically held. An acknowledgment will be received to the registered email-id.
6. This process can also be done using the electronic verification code, thus transmitting the data.
7. Electronically, the data can be transferred, and then the verification submission of the return in the Form ITR V is done.
8. Hence the return will be bar-coded.