ITR 2

ITR-2 is an Income Tax Return form applicable to individuals and Hindu Undivided Families (HUFs) who do not have income taxable under the head “Profits and Gains of Business or Profession” and who are not eligible to file ITR-1.
Who Can File ITR-2?
ITR-2 can generally be used by eligible taxpayers having income from:
1. Salary or Pension Income
2. House Property Income — including income from multiple house properties.
3. Capital Gains — profit from the sale of shares, mutual funds, land, buildings or other capital assets.
4. Other Sources of Income — such as bank interest, dividends and other eligible income.
5. Agricultural Income exceeding ₹5,000.
6. Total Income Above ₹50 Lakh, subject to other eligibility conditions.
7. Company Directorship or Unlisted Equity Shares, where applicable
Who Cannot File ITR-2?
ITR-2 is not applicable to taxpayers who have taxable business or professional income. Such taxpayers may need to file ITR-3 or another applicable return form, depending on their circumstances .
ITR-2 – DOCUMENTS REQUIRED
Applicable for: Individuals and Hindu Undivided Families (HUFs) who do not have income under the head Profits or Gains of Business or Profession and are not eligible to file ITR-1.
1. Basic Documents
- PAN Card
- Aadhaar Card
- Mobile Number and Email ID
- Bank Account Details (account number and IFSC)
- Previous Year's ITR Acknowledgement, if available
2. Salary and Pension Income
-Form 130 – Salary TDS, Form 131 – Non-Salary TDS, Form 132 – Specified Transaction TDS, and Form 133 – TCS Certificate.
- Salary Slips, if required
- Pension Statement, if applicable
- Details of allowances and perquisites
3. House Property Income
- Details of owned properties
- Rental Income Details
- Rent Agreement, if applicable
- Municipal Tax / Property Tax Receipts
- Home Loan Interest Certificate
- Details of co-owners, if applicable
4. Capital Gains
- Shares and Securities Capital Gain Statement
- Demat Account Statement
- Broker's Profit and Loss Statement
- Mutual Fund Capital Gain Statement
- Property Sale and Purchase Deeds
- Stamp Duty Valuation Details, if applicable
- Details of cost of acquisition and improvement
- Details of capital gains exemption investments, if claimed
- Virtual Digital Asset (VDA) transaction statements, if applicable
5. Income from Other Sources
- Savings Bank Interest Certificate
- Fixed Deposit Interest Certificate
- Dividend Statements
- Interest Income Details
- Family Pension Details, if applicable
- Lottery or Other Winnings Details, if applicable
6. Tax Deducted and Tax Paid
- Form 168
- Annual Information Statement (AIS)
- Taxpayer Information Summary (TIS)
- TDS Certificates
- TCS Certificates
- Advance Tax Challans
- Self-Assessment Tax Challans
7. Deductions and Exemptions
- Life Insurance Premium Receipts
- Health Insurance Premium Receipts
- Provident Fund / PPF Contribution Proof
- Tuition Fee Receipts, if applicable
- Eligible Donation Receipts
- Home Loan Principal Repayment Details
- Other eligible deduction proofs
- Rent Receipts, if applicable
8. Foreign Income and Assets
- Foreign Bank Account Statements, if applicable
- Foreign Income Details
- Foreign Asset Details
- Foreign Tax Payment Certificate
- Details of foreign shares, investments or property, if applicable
9. Losses and Other Supporting Documents
- Previous Year's ITR Acknowledgement showing brought-forward losses
- Capital Loss Statements
- Details of current-year losses
- Details of unlisted shares held, if applicable
- Details of directorship in companies, if applicable
- Tax Notices or Assessment Orders, if any
Important Notes
- Documents are required only where applicable to the taxpayer's income and claims.
- All income, deductions, TDS and tax-payment details should be reconciled with Form 168, AIS and TIS.
- Supporting documents are generally retained for verification and are not uploaded with the ITR unless specifically required.
- ITR-2 is not applicable where the taxpayer has business or professional income