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FORM Assessment Year INDIAN INCOME TAX RETURN For Individuals and Huts not having Income from Business or Profession ITR-2 2 0 1 6 -17 (Please see Rule 12 of the Income-tax Rules,1962) (Also see attached

How to fill out assessment year form itr-2

1. To fill out the assessment year form itr-2, start by gathering all necessary documents such as PAN card, Form-16, and other income-related documents.
2. Access the income tax department's e-filing website and log in using your credentials.
3. Navigate to the "e-File" section and select "Income Tax Return".
4. Choose the assessment year for which you are filing the return.
5. Select form itr-2 from the options available.
6. Fill in personal details such as name, PAN, address, and contact information.
7. Provide the required details about your salary, exemptions, allowances, and deductions in the respective sections.
8. If you have income from house property, disclose the necessary information in the relevant section.
9. If you have any capital gains or losses, ensure you correctly mention the details of such transactions.
10. Report any income from other sources, such as interest, dividends, or rental income.
11. Fill in details regarding foreign assets, if applicable, in the specific section provided.
12. Declare any tax credits, such as TDS or advance tax paid.
13. Calculate your total income and tax liability. Determine if any tax is payable or if a refund is due.
14. Review all the information entered in the form for accuracy and completeness.
15. Submit the form by clicking on the "Submit" button.
16. Upon successful submission, you will receive an acknowledgment number. Save or print the acknowledgment for future reference.

Who needs assessment year form itr-2?

1. Individuals who have income from salary, house property, capital gains, and income from other sources.
2. People who have foreign assets or foreign income.
3. Individuals who were either a director in a company or had investments in unlisted equity shares at any time during the financial year.
4. Individuals claiming double tax relief or tax treaty relief under section 90/90A/91.
5. Those who have carried forward losses from previous years and want to set them off in the current assessment year.
6. Individuals who want to claim deduction under sections 10AA, 80C to 80U, 80G, 80GGA to 80U, and so on.
7. Taxpayers who are eligible for relief under section 89 for arrears or in the case of payment received in advance.
8. Individuals who wish to file their return electronically.
9. Non-resident Indians (NRIs) who have income in India and are not eligible to file Form itr-1.

For pdfFiller’s FAQs

What is assessment year form itr-2?

The assessment year form ITR-2 is a form used by individuals or Hindu Undivided Families (HUFs) to file their income tax returns if they have income from multiple sources.

Who is required to file assessment year form itr-2?

Individuals or Hindu Undivided Families (HUFs) who have income from multiple sources and do not have income from business or profession are required to file assessment year form ITR-2.

How to fill out assessment year form itr-2?

Assessment year form ITR-2 can be filled out online on the Income Tax Department's e-filing portal or by downloading the form and filling it out manually.

What is the purpose of assessment year form itr-2?

The purpose of assessment year form ITR-2 is to declare income from multiple sources and claim deductions, exemptions, and tax credits.

What information must be reported on assessment year form itr-2?

Information such as personal details, income from salary, house property, capital gains, income from other sources, deductions claimed, and tax payments made must be reported on assessment year form ITR-2.

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