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IT 2 is for the use of an individual or a Hindu Undivided Family (HUF) whose total income for the A 2018-19 includes: Income from Salary/Pension. Or. Income from House Property. Or. Income from Other Sources (including Winnings from Lottery and Income from Race Horses).
IT 2 is for the use of an individual or a Hindu Undivided Family (HUF) whose total income for the A 2018-19 includes: Income from Salary/Pension. Or. Income from House Property. Or. Income from Other Sources (including Winnings from Lottery and Income from Race Horses).
This Return Form is applicable for assessment year 2019-20 only, i.e., it relates to income earned in Financial Year 2018-19. 2.
Under Form ITR-1, the individual is not earning an income from through activities like the lottery, gambling etc. On the other hand, in ITR-2, the individual earns through activities like a lottery, gambling etc. Income from Property. The individual earns from 1 house property only.
If you have income above Rs 50 lakhs, you can file IT 2, IT 3 or IT 4 (Sugar) depending upon your source of income. If you are salaried individual having income above Rs 50 lakhs, you should file IT 2.
Separately, individuals and Huts carrying on any business or profession are required to file details of assets and liabilities through a Balance Sheet. The schedule AL is required to be filled by taxpayers filing ITR-2 which includes taxpayers having income above Rs 50 lakh.
Every taxpayer who is eligible to file IT Form 2 can submit it online on e-filing portal of Income Tax Department. IT can be filed electronically using the digital signature. However, it is not mandatory to file IT Form 2 online using digital signatures only.
Part A: General Information. Schedule S: Details of Income from Salary. Schedule HP: Details of Income from House Property. Schedule CG: Capital Gains. Schedule OS: Schedule COLA: Schedule BFA: Schedule CFL:
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