Simplified ITR-2 Filing You Can Trust
Filing ITR-2 requires careful attention to detail, especially if you earn income
from capital gains, multiple house properties, or hold foreign assets.
At N D Savla & Associates, we provide end-to-end support for accurate and
timely filing of ITR-2.
Our tax experts help navigate the complexities of the ITR-2 form,
ensuring compliance, accuracy, and peace of mind for every taxpayer.
What is ITR-2?
ITR-2 is the income tax return form for individuals and HUFs whose income includes:
- Salary or Pension
- More than one house property
- Capital gains or losses
- Foreign income or foreign assets
- Agricultural income exceeding ?5,000
- Income from lotteries, racehorses, or legal gambling
- Being a Director in a company
Who Can File ITR-2?
- Salaried individuals with capital gains from stocks or property
- Persons earning rental income from multiple properties
- Individuals owning foreign assets or earning foreign income
- Resident Not Ordinarily Residents and Non-Residents
- Directors in listed or unlisted companies
Who Cannot File ITR-2?
- Individuals with income from business or profession
- Taxpayers eligible for the simpler ITR-1 form
- Persons claiming ESOP tax deferral benefits
Documents Required for ITR-2 Filing
ITR-2 is an attachment-free form, but the following should be kept ready:
- Form 16 or Form 16A
- Form 26AS, AIS, and TIS statements
- Capital gains statements from brokers
- Bank statements for interest income
- Details of foreign assets or income
- PAN and Aadhaar Card
- Investment proofs for deductions
Modes of Filing ITR-2
- Offline filing allowed only for individuals aged 80 years or above
- Online filing through Income Tax Portal with or without DSC
- Post-filing verification through ITR-V or e-verification
ITR-2 Due Date for AY 2024-25
- July 31, 2025 – For individuals not subject to tax audit
- December 31, 2025 – Final extended due date with late fees
Penalties for Late ITR-2 Filing
- ?5,000 penalty if income above ?5 lakhs
- ?1,000 penalty if income below ?5 lakhs
- Interest on unpaid tax amount
- Loss of carry-forward of certain losses
Why Choose N D Savla & Associates?
Accurate Computation
Correct tax calculation across all income sources.
Timely Filing
Compliance managed within statutory timelines.
Confidential Process
Secure handling of personal and financial data.
Foreign Asset Reporting
Specialized support for international income.
Notice Assistance
Professional help with department communications.
Personal Guidance
End-to-end consultation for complex cases.
FAQs – ITR-2 Filing Services
- Is ITR-2 mandatory for capital gains income?
- Can ITR-2 be filed without attachments?
- Do you assist NRIs with ITR-2 filing?
- What if I miss the due date?