The income tax department has recently launched the online version of the ITR-2 forms, following the earlier release of ITR-1 and ITR-4 on May 20, 2023. According to the income tax website, taxpayers can now file their Income Tax Returns using the ITR-2 form through the online portal, which includes pre-filled data for convenience.
Furthermore, on May 17, 2023, the income tax department made available the offline version of the ITR-2 form for filing income tax returns (ITR) for the financial year 2022-23 (assessment year 2023-24).
Read More: ITR Filing Common Mistakes: Avoid THESE Errors In Your Income Tax Return For FY 2022-23
ITR FORM 2: HOW TO DOWNLOAD
- Log on to https://www.incometaxindiaefiling.gov.in/home
- Under the Download tab, click “Offline Utilities”
- Click on “Income Tax Return Preparation Utilities”
- Select your Assessment Year
- Click on “Excel Utility” to fill in the details by hand under the ITR 2 column and download the file.
- Open the downloaded file and fill in the details.
ITR FILING FOR FY 2022-23: WHO IS ELIGIBLE TO USE THE ITR-2 FORM?
This form is for individuals and Hindu Undivided Family (HUF) who do not have income from profits and gains from business or profession.
This ITR Form should not be used by an Individual or HUF whose Total Income for A.Y. 2020-21 includes income under the head “Profits and Gains of Business or Profession”.
ITR FILING FOR FY 2022-23: WHO IS NOT ELIGIBLE TO USE THE ITR-2 FORM?
Individuals or HUFs earning income through a business or a profession and those who are eligible to file ITR Form 1 cannot file their returns with ITR 2.
A return in ITR 2 cannot be filed by an individual or HUF if he/it has income chargeable to tax under the head ‘Profit or gains from business or profession’ or if he wants to claim deduction under Section 10AA or Part-C of Chapter VI-A.
