ITR-2
Individuals who are not eligible to file Form ITR-1 and earn income from “profits and gains from business or profession” can opt to file ITR-2. This form is suitable for individuals who are not part of a Hindu Undivided Family (HUF) and do not have a spouse or partner residing with them in India.
Salary and pension income
Income from house property (including multiple properties)
Income from capital gains
Income from other sources such as lottery winnings, horse racing, and other forms of gambling
Foreign assets and foreign income
Agricultural income exceeding ₹5,000
Individuals who are residents but not ordinarily residents (RNOR), not NRIs
Who can file Form ITR-2?
Individuals who are not eligible to file Form ITR-1 and earn income from “profits and gains from business or profession” can opt to file ITR-2. This form is suitable for individuals who are not part of a Hindu Undivided Family (HUF) and do not have a spouse or partner residing with them in India.
Salary and pension income
Income from house property (including multiple properties)
Income from capital gains
Income from other sources such as lottery winnings, horse racing, and other forms of gambling
Foreign assets and foreign income
Agricultural income exceeding ₹5,000
Individuals who are residents but not ordinarily residents (RNOR), not NRIs
Documents required to file ITR 2:
Copy of the previous year’s tax return
Bank statement for the period from 1st April to 31st March
TDS Certificates (Form 16/16A/16B)
Savings certificates or documents for deductions claimed under Section 80C
Interest statement showing annual interest income
If applicable, balance sheet, profit & loss account, and other audit reports
Who is not qualified to submit Form ITR-2?
Any individual or Hindu Undivided Family (HUF) earning income from a business or profession
Individuals who meet the eligibility criteria for filing ITR-1 but have additional business or professional income
Partners in a partnership firm (excluding LLPs filing separately)
