ITR-2 Return Filing

The ITR-2 form is tailored for individuals and Hindu Undivided Families (HUFs) whose Income is derived from sources other than 'Profits and Gains from Business or Profession.' If your Income originates from any of the following avenues, you are required to file the ITR-2 form:

• Income from Salary or Pension.
• Income derived from house property, which may involve multiple properties.
• Income from Capital Gains or losses incurred from the sale of investments or property, including both long-term and short-term gains/losses.
• Income from Other Sources encompasses winnings from lotteries, bets on racehorses, and other legally recognized forms of gambling.
• Receipts exceeding Rs 5,000 from agricultural activities.
• Foreign Income or ownership of Foreign Assets.
• Status as a Resident Not Ordinarily Resident (RNOR) or a Non-Resident.
• Holding the position of a Director in both listed and unlisted companies.