![]() ![]() Step 2 - Click on IT Return Preparation Software (Right side / Download/ IT Return preparation Software). Step 1 - Go to the Income tax official portal. Step by step procedure for filing of ITR 2 online AY 2020 -21 Well, ITR form 2 comprises two parts - PART A and PART B whereby, Part A consists of 20+ schedule heading (relatively have to be filled out by taxpayer) and on the other hand Part B comprises details related to income and liability. ITR2 has a rigid and cognitively high number of pages as compared to ITR 1. ![]() Ii) Individuals who are eligible to fill out the ITR-1 Form What is the Structure of ITR 2? I) Any individual or HUF having income from Business or Profession This is simple, taxpayers who do not fall in the bracket of filing form ITR2. Resident not ordinarily resident and a Non-resident.Agricultural Income more than Rs 5000/. ![]() Income from Capital Gains/loss on sale of investments/property.Who is eligible to file ITR 2 for AY 2020-21?Īccording to the IT regime and laws ITR 2 will be only filled and filed by taxpayers receiving income other than income from “Profits and Gains from Business or Profession”.Īlternate, persons having income from following sources are eligible to file from ITR 2: ITR 2 Forms have two wider Parts named A and B which are solely required to fill accurately and submitted using digital signature/EVC/ Aadhar OTP. ITR 2 is an Income Tax Return form for taxpayers (having capital gains or having more than one house property) to be submitted to the IT Department. This blog will detail you out with ITR2 basics and step-by-step guide to Income Tax Return Filing online AY20-21. ITR 2 form comprises several crucial information that furnish taxpayers details accurately and signify each and every source of income earned in the period.Īpparently, it is used by individuals having ‘capital gains’ or have more than one house property. ![]() Out of many, ITR Form 2 is the second most used form to file an Income Tax Return. The income tax department offers different ITR forms for taxpayers to pay taxes on the basis of income slab rates, source of income, etc. ![]()
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