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Who can use ITR - 2?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

Hi Friends, I am Rohith. I am preparing for CA exam. Can I know, Who can use ITR - 2?

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6 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Hi, • Income from Salary / Pension; or • Income from House Property; or • Income from Capital Gains; or • Income from Other Sources (including winnings from lottery and income from race horses).

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

• Income from Salary / Pension; or • Income from House Property; or • Income from Capital Gains; or • Income from Other Sources (including winnings from lottery and income from race horses).

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

ITR2 form can be filed by an Individual or Hindu Undivided Family (HUF). This form can be used if you have; • Salary or Pension Income • Income under the head ‘Capital Gains’ • Income from multiple houses • No business income • An asset in foreign country or income from a source outside India •Agricultural income of more than Rs 5,000 •Income from lottery or horse racing

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

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.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

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 ‘Capital Gains’ 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

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Open uri20170510 32134 s5bvk0?1494421637 answered

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: • Income from Salary / Pension; or • Income from House Property; or • Income from Capital Gains; or • 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

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