Breif
ITR-2 is applicable for individuals and HUFs who do not have
business income but earn income from salary, capital gains, house property, or
other sources.
Overview
ITR-2 filing is required for taxpayers with multiple income
sources such as salary, capital gains from shares or property, rental income,
and foreign income. Accurate filing ensures correct tax computation, allows
loss carry-forward, and reduces the risk of notices. Bizeneed ensures proper
reporting and timely filing.
Checklist
Documents Required for ITR-1
- Form 16
- Bank statements
- Capital gains statements
- Rental income proof
- Investment proofs
- Home loan interest statement
- Insurance & medical proofs
- PAN card
- Aadhaar card
- Bank account details
Time Taken
Total Time: Approximately 3–7 working days from the date of receipt of all documents.
- Time may vary based on complexity and data availability.
Deliverable
The following deliverables are included in the ITR-2
Basic Plan. Deliverables for other packages may vary accordingly:
- Filed ITR-2 acknowledgment
- Tax computation summary
- Refund status guidance
- Post-filing support
Why Choose Us
Choose Bizeneed for filing your ITR-2 because we provide expert CA assistance with accurate and error-free filing for capital gains, investments, multiple income sources, and foreign asset disclosures. We focus on maximum legal tax optimization while minimizing the risk of income-tax notices through careful review and compliance checks. From document collection to e-verification and post-filing support, Bizeneed offers end-to-end service with timely filing, transparent pricing, and strict data confidentiality—making us a trusted choice for professionals, investors, and high-income taxpayers across India.
FAQs
Individuals and HUFs with multiple income sources like salary, capital gains, house property, and other income.
No, ITR-2 is not applicable for business or professional income.
Yes, if you have capital gains income, ITR-2 is required.
Yes, refunds can be claimed if excess tax is paid.
Yes, but you must have income proofs and bank statements
Yes,
ITR-2 must be e-verified within 30 days of filing.
Yes, ITR-2 can be revised within the specified time limit.
Yes, foreign income can be reported in ITR-2.
Yes, ITR-2 supports multiple house properties.
Capital gains statement, purchase/sale details, and brokerage statements.
Yes, we provide support for income tax notices and queries.
Yes, rental income can be reported in ITR-2.
Late filing may attract penalties and interest.
Yes, deductions under Section 80C and other eligible sections can be claimed.
No, freelancers usually file ITR-3 or ITR-4 depending on income type