Individuals and Hindu Undivided Families (HUFs) should file Form ITR-2 if they earn income from:

• Salary or pension
• Rental income from one or multiple properties
• Capital gains from asset sales, interest, or penalties
• Other sources like lottery winnings or legal gambling
• Foreign assets or income
• Agricultural income exceeding ₹5,000 annually

Form ITR-2 Schedules

Form ITR-2 includes various schedules divided into two sections:

• Part B-TI: Computation of total taxable income
• Part B-TTI: Calculation of total tax liability
• TRP Details: Required if the return is filed by a Tax Return Preparer

List of Schedules in ITR-2

• Schedule IF – Details of unlisted companies
• Schedule S – Salary income information
• Schedule 80G – Donations eligible for deductions
• Schedule BFLA – Set-off of past year losses
• Schedule CYLA – Set-off of current year’s losses
• Schedule CFL – Carry forward of losses to future years
• Schedule VIA – Deductions under Chapter VIA
• Schedule HP – Income from house property
• Schedule CG – Capital gains information
• Schedule OS – Income from other sources
• Schedule SPI – Income of spouse/minor child included in the taxpayer’s income
• Schedule SI – Income taxable at special rates
• Schedule EI – Exempt income details
• Schedule PTI – Pass-through income from business trusts/investment funds
• Schedule AL – Assets and liabilities (for total income above ₹50 lakh)
• Schedule FSI – Foreign income information
• Schedule TR – Taxes paid outside India
• Schedule FA – Foreign assets and income
• Schedule 5A – Income distribution under Portuguese Civil Code

Form ITR-2 Download Process

• Visit the Income Tax portal and log in to your user account.
• Go to the ‘Downloads’ section and click on ‘Offline Utilities’.
• Select ‘Income Tax Return Preparation Utilities’.
• Choose the appropriate Assessment Year from the list.
• Pick the ‘Excel Utility’ option under Form ITR-2.
• The ZIP file containing Form ITR-2 will start downloading automatically.
• Extract the ZIP file and fill in the required details in the form.

How to File Form ITR-2 Online

• Step 1: Connect with Our Tax Experts – Share your basic details and schedule a call. Our team will explain the entire filing process clearly.
• Step 2: Submit Required Information – Provide the necessary documents and details as discussed. We’ll handle the paperwork for you.
• Step 3: Filing Completed – Our experts will file your Form ITR-2 online on your behalf and keep you informed at every stage.

How to File Form ITR-2 Offline

Form ITR-2 can be collected from the nearest Income Tax office or downloaded directly from the official Income Tax Department website.

Why Sperso Filings?

Sperso Filings has a skilled team of tax experts ready to help you with every step of filing Form ITR-2. We offer complete, hassle-free support through our in-house professionals. Simply connect with our experts to get started!

Recent Update

Important changes introduced in ITR-2 for AY 2022–23:

• Schedule FA (Foreign Assets): The term ‘accounting period’ is now ‘calendar year ending 31 Dec 2021’, requiring details of foreign assets held between 1 Jan 2021 and 31 Dec 2021 for clearer reporting.
• Schedule CG (Capital Gains):
  • FMV declaration and gains under slump sale agreements.
  • Separate year-wise details on improvements, purchase costs, and indexed costs for land/buildings.
• Schedule OS (Other Sources):
  • Taxable interest on the provident fund must be reported.
  • Deemed dividend income (Sec 2(22)(e)) to be shown separately.
• Residence Status: Taxpayers must choose applicable options as per Income Tax Act sections.
• New ‘Schedule Tax Deferred on ESOP’: For reporting deferred taxes on ESOPs from recognised start-ups, specifying the tax amount and payment year.