Hi Friends, I am Rohith. I am preparing for CA exam. Can I know, Who can use ITR - 2?
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Hi,
โข Income from Salary / Pension; or
โข Income from House Property; or
โข Income from Capital Gains; or
โข Income from Other Sources (including winnings from lottery and income from race horses).
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โข Income from Salary / Pension; or
โข Income from House Property; or
โข Income from Capital Gains; or
โข Income from Other Sources (including winnings from lottery and income from race horses).
ITR2 form can be filed by an Individual or Hindu Undivided Family (HUF). This form can be used if you have;
โข Salary or Pension Income
โข Income under the head โCapital Gainsโ
โข Income from multiple houses
โข No business income
โข An asset in foreign country or income from a source outside India
โขAgricultural income of more than Rs 5,000
โขIncome from lottery or horse racing
Form ITR 2 is for Individuals & HUF not having income from Business or Profession.
Therefore, individuals & HUFs having -
1. Income from Salary,
2. Income from House Property,
3. Capital Gains
4. Income from other sources.
can use the ITR 2 for filing their returns.
ITR2 form can be filed by an Individual or Hindu Undivided Family (HUF). This form can be used if you have;
1. Salary or Pension Income
2. Income under the head โCapital Gainsโ
3. Income from multiple houses
4. No business income
5.An asset in foreign country or income from a source outside India
6.Agricultural income of more than Rs 5,000
7.Income from lottery or horse racing
Dear Friend,
as far as your query is concerned that Who can use ITR - 2?
Let me informed that Return Form ITR - 2 can be used by an individual or a Hindu Undivided Family whose total income for the year includes:
โข Income from Salary / Pension; or
โข Income from House Property; or
โข Income from Capital Gains; or
โข Income from Other Sources (including winnings from lottery and income from race horses).
Further, in a case where the income of another person like spouse, minor child, etc., is to be clubbed with the income of the taxpayer, this Return Form can be used if income to be clubbed falls in any of the above categories.
Hope answer was helpful to you
Regards,
Arjun Pratap Singh