ITR-2

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Income Tax Return 2 (ITR-2) Filing Services in India

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Are you an individual or HUF with capital gains, multiple properties, or foreign assets looking to file your ITR-2?
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Expert consultation for capital gains & property income
Accurate documentation & income classification
Full compliance with Income Tax Act guidelines
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ITR - 2 Return Filing

Perfect for: File your Income Tax Return hassle-free with Mequintrax’s expert ITR-2 filing service — ideal for individuals and Hindu Undivided Families (HUFs) with income from multiple sources.

Offer Price: ₹2499

Regular Price: ₹3899

You Save: ₹1400 (35.91%)

✅ Detailed Income Segregation & Tax Computation
✅ ITR-2 Filing for Salary, Capital Gains & Other Income
✅ Expert Assistance from Tax Professionals
✅ Acknowledgement Copy of ITR-2

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What is ITR-2? | Complete Guide for AY 2025-26

ITR-2, or Income Tax Return Form 2, is one of the forms prescribed by the Income Tax Department of India for filing tax returns. This form is specifically meant for individuals and Hindu Undivided Families (HUFs) who do not earn income from business or profession.

It is commonly used by taxpayers whose income sources include:

Salary or Pension
Capital Gains (Short-term or Long-term)
Income from House Property
Foreign Income or Foreign Assets
Dividend or Interest Income
Income as a Director or Shareholder in a Private Limited Company (without business income)

Who is Eligible to File ITR-2 for AY 2025-26?The Income Tax Return Form ITR-2 is meant for individuals and Hindu Undivided Families (HUFs) who are not earning income from profits and gains of business or profession. If your income falls under certain categories, and you are not eligible to file ITR-1 (Sahaj), then ITR-2 is the appropriate return form for you for Assessment Year 2025–26.

Individuals Eligible to File ITR-2 Include:

You are eligible to file ITR-2 if you have income from any of the following sources:

1. Salary or Pension Income

If you receive salary from employment or a pension post-retirement, you are eligible for ITR-2, especially when combined with other qualifying income like capital gains or foreign assets. While basic salaried individuals may use ITR-1, ITR-2 is mandatory when income sources are diverse.

2. Income from House Property

You must file ITR-2 if you earn income from owning one or more residential or commercial properties—whether they are rented out or self-occupied. The form allows you to declare property-wise income and claim related deductions like interest on home loans.

3. Capital Gains

If you’ve earned short-term or long-term capital gains, ITR-2 is required. This includes gains or losses from the sale of:

Listed or unlisted shares
Mutual fund units
Bonds or securities
Real estate or immovable property
Other capital assets like gold or artwork

This form helps calculate capital gains tax accurately and claim exemptions under Sections 54, 54EC, etc.

4. Income from Other Sources

ITR-2 is necessary if you have income not covered under salary, house property, or capital gains. This includes:

Interest income (from savings accounts, FDs, bonds)
Dividend income from stocks or mutual funds
Winnings from lotteries, betting on horse races, or gambling (which are taxed at special rates)

These incomes must be reported under “Income from Other Sources.”

5. Agricultural Income Exceeding ₹5,000

If your agricultural income exceeds ₹5,000, ITR-2 becomes mandatory—even though this income is tax-exempt under certain conditions. The agricultural income affects your tax slab when clubbed with other sources and must be disclosed appropriately.

6. Foreign Income or Foreign Assets

You are required to file ITR-2 if:

You are a Resident but Not Ordinarily Resident (RNOR) or a Non-Resident Indian (NRI)

You own foreign assets like property, shares, or bank accounts

You’ve earned foreign income (salary, dividends, interest, etc.)

Reporting foreign assets is crucial to avoid penalties under the Black Money Act and ensure full compliance.

7. High-Income Individuals (₹50 Lakh+)

If your total income exceeds ₹50 lakh during the financial year, ITR-2 is compulsory. Additionally, you must provide:

A statement of assets and liabilities

Details of movable and immovable assets owned in India

This helps the Income Tax Department track wealth accumulation and maintain transparency.

Additional Conditions for Mandatory ITR-2 Filing:

You must file ITR-2 if:

You are a Director in a company (including private limited companies)
You have invested in unlisted equity shares of a company

Even if you do not have business income, these conditions make ITR-2 filing mandatory to ensure compliance with tax regulations.

Not Eligible to File ITR-2?

If you have income from business or professional activities, you are not eligible to file ITR-2. In such cases, you should file ITR-3 or ITR-4 depending on your income type and structure.

Need Help Filing ITR-2?

At MEQUINTRAX DIGITALSERVICES PRIVATE LIMITED, we offer expert assistance in filing ITR-2 accurately and on time. Whether you are a salaried employee, a property owner, or a company director, our professionals ensure complete compliance and stress-free tax filing.

Structure of ITR-2 Form for AY 2025–26

Understand the Detailed Breakdown of ITR-2 Filing Format
The ITR-2 form is structured to capture comprehensive income details of individuals and Hindu Undivided Families (HUFs) who do not earn income from business or profession. It covers a wide range of income types, exemptions, deductions, and special disclosures, especially for those with capital gains, multiple properties, or foreign income/assets.
Here’s a section-wise structure of ITR-2:
Part A – General Information

Personal details like name, PAN, Aadhaar, address, filing status, nature of employment, and residential status.

Income Schedules

Schedule S – Income from Salary or Pension
Schedule HP – Income from House Property (one or multiple properties)
Schedule CG – Capital Gains from sale of investments/property
Schedule 112A – Capital Gains from sale of equity shares or mutual funds on which STT is paid
Schedule 115AD(1)(b)(iii) Proviso – For non-residents on sale of equity shares/units
Schedule VDA – Income from Transfer of Virtual Digital Assets (e.g., crypto)
Schedule OS – Income from Other Sources including winnings and interest
Schedule CYLA – Current Year’s Losses set-off
Schedule BFLA – Set-off of Losses from Earlier Years
Schedule CFL – Losses to be carried forward to future years

Deductions and Exemptions

Schedule VIA – Deductions under Chapter VI-A (like 80C, 80D, etc.)
Schedule 80G / 80GGA / 80GGC / 80DD – Deductions for donations, political contributions, or disability expenses

Tax Calculations

Schedule AMT / AMTC – Alternate Minimum Tax and Tax Credit
Schedule SI – Income taxed at Special Rates
Schedule SPI – Clubbing of Income (spouse/minor child)
Schedule EI – Details of Exempt Income

Foreign and Special Disclosures

Schedule FSI – Income accruing outside India
Schedule TR – Foreign Tax Relief
Schedule FA – Foreign Assets & Bank Accounts
Schedule PTI – Pass-through income (from business trust/fund)
Schedule 5A – Apportionment of income between spouses under Portuguese Civil Code

Asset Details & Miscellaneous

Schedule AL – Assets & Liabilities (mandatory if income > ₹50 lakh)
Schedule – Tax deferred on ESOPs – Tax deferred from eligible startups u/s 80-IAC

Final Computation Sections

Part B-TI – Total Income Computation
Part B-TTI – Tax Liability on Total Income
Tax Payments – Advance tax, self-assessment tax, TDS details
Verification/Declaration Section – Self-verification and tax return preparer details (if applicable)

Documents Required to File ITR-2 for AY 2025–26

Checklist of Documents to Ensure Accurate and Hassle-Free Filing
Filing ITR-2 requires documentation across various income sources, deductions, and financial disclosures. Below is a category-wise list of documents needed:

Salary Income
- Form 16 from your employer
- Salary slips (optional but useful for cross-verification)
Interest & TDS Information
- Form 16A – TDS Certificate on non-salary income
- Form 26AS – Annual Tax Credit Statement (downloadable from the e-filing portal)
- Bank statements, passbooks, and FD receipts to compute interest income
House Property Income
- Rental agreements or rent receipts
- Details of municipal taxes paid
- Loan interest certificates for housing loan (if applicable)
Capital Gains
- Capital gain statements from brokers or mutual fund houses
- Summary of sale/purchase of property, shares, securities, or mutual funds
- Purchase and sale deed in case of property transactions
Deductions & Exemptions
- LIC premium, PPF, NSC receipts (Section 80C)
- Medical insurance premium (Section 80D)
- Education loan interest certificate (Section 80E)
- Donation receipts (Sections 80G, 80GGA, etc.)
- Rent receipts (Section 80GG, if applicable)
- Tuition fee receipts
Foreign Income/Assets (if applicable)
- Details of foreign bank accounts, foreign properties, or investments
- Tax paid outside India documents (for Schedule FSI/TR)
Other Documents
- If carrying forward previous year's loss: Copy of previous ITR-V
If clubbing income of spouse/minor: Relevant income source documents

Due Date for Filing ITR-2 for AY 2025–26

The Income Tax Return (ITR) filing due date for ITR-2 depends on the category of the taxpayer and whether an audit is required.

ITR-2 Filing Due Date (For Non-Audit Cases)
- 31st July 2025 – This is the last date to file ITR-2 for most individuals and Hindu Undivided Families (HUFs) whose accounts do not require audit under the Income Tax Act.
Extended Due Date (In Case of Audit)
- ITR-2 is not applicable if you have income from business or profession requiring audit. In such cases, you should file ITR-3 instead, with an extended due date (usually 31st October 2025).

Penalty for Late Filing of ITR-2

Failing to file ITR-2 before the due date can attract penalties under Section 234F of the Income Tax Act.

Here’s how the late fee is levied:

Date of Filing	Total Income Below ₹5 Lakh	Total Income Above ₹5 Lakh
On or before 31st July 2025	₹0	₹0
Between 1st August 2025 – 31st Dec 2025	₹1,000	₹5,000
After 31st December 2025	₹1,000	₹5,000

Additional Consequences of Late Filing:

You cannot carry forward losses under capital gains or other heads (except house property loss).
Interest under Section 234A may apply on unpaid tax.
Delayed refunds (if any) due to late filing.

Top 6 Reasons to File Your ITR-2 with a Trusted Tax Filing Expert

Expert Guidance by Qualified Tax Professional

Filing ITR-2 involves multiple schedules related to salary, house property, capital gains, foreign assets, and deductions. With help from seasoned tax experts, you ensure accurate reporting, minimize the risk of errors, and stay fully compliant with the latest provisions of the Income Tax Act.