ITR-2 Form

ITR -2 Form is for Resident Individuals and HUF not having income from Profits or Gains of Business or Profession and with total income above ₹ 50 Lakh.  This ITR is also filed by Not-ordinary Residents & Non-Residents.

ITR 2 ELIGIBILITY:

£   Filed by Individuals & HUF, who are Resident of India with Total Income above ₹ 50 Lakh

£  Income is from salaries, more than one House Property, Other Sources Income & Capital Gains or Losses,

£   Agricultural Income is above ₹ 5 Thousand,

£  also includes NRI income, foreign income/assets,

£   Taxpayers holding directorship in a company or holding unlisted equity shares.