ITR filing: ITR-2 Form enabled for filing via online mode at Income Tax Portal

The Income Tax Department has now enabled Income Tax Returns Form ITR-2 for filing in Online mode with prefilled data after releasing ITR-1, ITR-4 on May 20, 2023.

As per the income tax website, “Income Tax Return Form of ITR-2 is enabled to file through Online mode with prefilled data at the portal”.

On May 17, 2023, the income tax department issued the ITR- 2 offline form for submitting income tax returns (ITR) for FY 2022-23 (AY 2023-24). In contrast to the online version, the offline Excel utility needs the taxpayer to download the form, fill it out with the required information, and then upload it to the website for electronic filing.

Who is eligible to file ITR-2 for AY 2021-22?

ITR-2 can be filed by individuals or HUFs who:

• Are not eligible to file ITR-1 (Sahaj)
  Do not have income from profit and gains of business or profession and also do not have income from profits and gains of business or profession in the nature of:
  • interest
  • salary
  • bonus
  • commission or remuneration, by whatever name called, due to, or received by him from a partnership firm
• Have the income of another person like spouse, minor child, etc., to be clubbed with their income – if income to be clubbed falls in any of the above categories.

Who is not eligible to file ITR-2 for AY 2021-22?

ITR-2 cannot be filed by any individual or HUF, whose total income for the year includes income from profit and gains from business or profession, and also who has income in the nature of:

• interest
• salary
• bonus
• commission or remuneration, by whatever name called, due to, or received by him from a partnership firm.