File ITR-2 Online User Manual (2023)

1. Overview


The pre-filling and filing of ITR-2serviceis available to registered users on the e-Filing portal. This service enables individual taxpayers to file ITR-2online through the e-Filing portal. This user manual covers filing of ITR-2through online mode.

2. Prerequisites for availing this service

General
  • Registered user on the e-Filing portal with valid user ID and password
  • Status of PAN is active
Others
  • Link PAN and Aadhaar
  • Pre-validate at least one bank account and nominate for refund (recommended)
  • Valid mobile number linked with Aadhaar / e-Filing portal / your bank / NSDL / CDSL (for e-Verification)
  • Download the offline utility or avail a third-party software (If using offline mode)

ITR-2 has the following sections that you need to fill before submitting the form,a summary section where you review your tax computation and pay taxand finally submit thereturn for verification:

3.1 Part A General
3.2 Schedule Salary
3.3 Schedule House Property
3.4 Schedule Capital Gains
3.5 Schedule 112A and Schedule-115AD(1)(iii) proviso
3.6 Schedule Other Sources
3.7 Schedule CYLA
3.8 Schedule BFLA
3.9 Schedule CFL
3.10 Schedule VI-A
3.11 Schedule 80G and Schedule 80GGA
3.12 Schedule AMT
3.13 Schedule AMTC
3.14 Schedule SPI
3.15 Schedule SI
3.16 Schedule EI
3.17 Schedule PTI
3.18 Schedule FSI
3.19 Schedule TR
3.20 Schedule FA
3.21 Schedule 5A
3.22 Schedule AL
3.23 Part B – Total Income (TI)
3.24 Tax Paid
3.25 Part B-TTI

3.1 Part A General
In the Part A General section of the form, you need to verify the pre-filled data from your e-Filing profile. You will not be able to edit some of your personal data directly in the form. However, you can make the necessary changes by going to your e-Filing profile. You can edit your contact details, filing status, residential statusand bank details in the form itself.

Personal Information

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Contact Details

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Filing Status

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Bank Details

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3.2 Schedule Salary
In Schedule Salary, you need to review / enter / edit details of your income from salary / pension, exempt allowances and deductions u/s 16.

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3.3 Schedule House Property
In Schedule House Property, you need to review / enter / edit details relating to house property (self-occupied, let out, or deemed let out). The details include co-owner details, tenant details, rent, interest, pass through income etc.

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3.4 Schedule CG – Capital Gains
Capital Gains arising from sale / transfer of different types of capital assets have been segregated. In a case where capital gains arises from sale or transfer of more than one capital asset, which are of same type, please make a consolidated computation of capital gains in respect of all such capital assets of same type. But in case of transfer of land / building, it is mandatory to enter the computation towards each land / building. In Schedule Capital Gains, you need to enter details of your Short-Term and Long-Term Capital Gains / Losses for all types of Capital Assets owned.

3.5 Schedule 112A and Schedule-115AD(1)(iii) proviso

  • In Schedule 112A, you need to review / enter / edit details about sale of equity shares of a company, an equity-oriented fund, or a unit of a business trust on which STT is paid.
  • Schedule 115AD (1)(iii) proviso involves entering the same details as for Schedule 112A but is applicable to non-residents.

File ITR-2 Online User Manual (7)File ITR-2 Online User Manual (8)

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Note: If Shares are bought on or before 31st Janurary.2018, it is mandatory to enter Scrip-wise details of each transfer under Schedule 112A and Schedule-115AD(1)(iii) proviso.

3.6 Schedule Other Sources
In Schedule Other Sources section, you need to review / enter / edit details of all your income from other sources, including (but not limited to) income charged at special rates, deductions u/s 57and income involving race horses.

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3.7 Schedule Schedule Current Year’s Loss Adjustment (CYLA)
In Schedule Current Year’s Loss Adjustment (CYLA), you will be able to view details of income after set-off of current year losses. The unabsorbed losses allowed to be carried forward out of this are taken to Schedule CFL for carry forward to future years.

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3.8 Schedule Schedule Brought Forward Loss Adjustment(BFLA)
In Schedule Brought Forward Loss Adjustment (BFLA), you can view the details of income after set-off of brought forward losses of earlier years.

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3.9 Schedule Schedule Carry Forward Losses (CFL)
In Schedule Carry Forward Losses (CFL), you can view the details of losses to be carried forward to future years.

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3.10 Schedule VI-A
In the Schedule VI-A, you need to add and verify any deductions you need to claim under Section 80 - Parts B, C, CA, and D (subsections as specified below) of the Income Tax Act.

Note: Please note that the deduction in respect of the investment/ deposit/ payments for the period 1st April 2020 to 31st July 2020 cannot be claimed again, if already claimed in the AY 20-21.

Part A - Deduction in respect of certain payments

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Part C, CA and D - Deduction in respect of other income / deductions

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3.11 Schedule 80G and Schedule 80GGA
In Schedule 80G and Schedule 80GGA, you need to provide details of details of donations entitled for deduction under Section 80G and Section 80GGA.

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3.12 Schedule AMT
In Schedule AMT, you need to confirm the computation of Alternate Minimum Tax payable u/s 115JC.

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3.13 Schedule AMTC
In Schedule AMTC, you need to add details of tax credits u/s 115JD.

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3.14 Schedule SPI
In Schedule SPI, you need to add the income of specified persons (e.g. spouse, minor child) that is includable or required to be clubbed with your income as per Section 64.

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3.15 Schedule SI
In Schedule SI, you will be able to view the income that is chargeable to tax at special rates. The amount under various income types are taken from the amounts provided in the relevant Schedules i.e., Schedule OS, Schedule BFLA.

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3.16 Schedule Exempt Income (EI)
In Schedule Exempt Income (EI), you need to provide your details of exempt income i.e., income not to be included in total income or not chargeable to tax. The income types included in this schedule include interest, dividend, agricultural income, any other exempt income, income not chargeable to tax through DTAAand pass through income which is not chargeable to tax.

3.17 Schedule Pass Through Income (PTI)
In Schedule Pass Through Income (PTI), you need to provide details of pass through income received from business trust or investment fund as referred to in section 115UA or 115UB.

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3.18 Schedule Foreign Source Income (FSI)
In Schedule Foreign Source Income (FSI), you need to report the details of income, which is accruing or arising from any source outside India. This schedule is availablefor residents only.

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3.19 Schedule TR
In Schedule TR, you need to provide a summary of tax relief which is being claimed in India for taxes paid outside India in respect of each country. This schedule captures a summary of detailed information furnished in Schedule FSI.

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3.20 Schedule FA
In Schedule FA, you need to provide details of foreign asset or income from any source outside India. This schedule need not be filled up if you are Not Ordinarily Residentor a Non-Resident.

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3.21 Schedule 5A
In Schedule 5A, you need to provide the information necessary for apportionment of income between husband and wife if you are governed by the system of community of property under the Portuguese Civil Code 1860.

3.22 Schedule AL
If your total income exceeds ₹50 lakh, it is mandatory to disclose the details of movable and immovable assets in Schedule AL along with liabilities incurred in relation to such assets. If you are a non-resident or resident but not ordinarily resident, only the details of assets located in India are to be mentioned.

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3.23 Part B – Total Income (TI)
In the Part B –Total Income (TI)section, you will be able to view your computation of total income auto-populated from all the schedules you filled in the form.

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3.24 Tax Paid
In the Tax Paid section, you need to verify your tax details as paid by you in the previous financial year. Tax details include TDS from Salary / TDS from Income Other than Salary, TCS, Advance Tax and Self-Assessment Tax.

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3.25 Part B-TTI
In the Part B-TTI section, you will be able to view the overall computation of total income tax liability on total income.

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File ITR-2 Online User Manual (29)

Note: For more details, refer to the instructions to file ITR issued by CBDT for AY 2021-22.

4. How to Access and Submit ITR-2

You can file and submit your ITR through the following methods:

  • Online Mode – through e-Filing portal
  • Offline Mode – through Offline Utility

You can refer to theOffline Utility for ITRsuser manual to learn more.

Follow thesteps belowto file and submit the ITR through online mode:

Step 1: Log in to the e-Filing portal using your user ID and password.

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Step 2:On your Dashboard, click e-File > Income Tax Returns > File Income Tax Return.

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Step 3: SelectAssessment Year as 2021 – 22 and click Continue.

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Step 4: Select Mode of Filing as Onlineand click Proceed.

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Note: In case you have already filled the Income Tax Return and it is pending for submission, click Resume Filing. In case you wish to discard the saved return and start preparing the return afresh click Start New Filing.


Step 5: SelectStatusas applicable to you and click Continue to proceed further.


Step 6:You have two options to select the type of Income Tax Return:

  • If you are not sure which ITR to file, you may select Help me decide which ITR Form to file andclick Proceed. Once the system helps you determine the correct ITR, you can proceed with filing your ITR.File ITR-2 Online User Manual (34)
  • If you are sure which ITR to file, select I know which ITR Form I need to file.Select the applicable Income Tax Returnfrom the dropdownand click Proceed with ITR.File ITR-2 Online User Manual (35)

Note:

  • In case you are not aware which ITR or schedules are applicable to you or income and deductions details, your answers in response to a set of questions will guide in determining the same and help you in correct / error free filing of ITR.
  • In case you are aware of the ITR or schedules applicable to you or income and deduction details, you can skip these questions.
  • Refer to the Identification and Generation of ITR for AY 21-22 user manual to learn more.


Step 7: Once you have selected the ITR applicable to you, note the list of documents needed and click Let’s Get Started.


Step 8:Select the checkboxes applicable to you and clickContinue.

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Step 9:Reviewyour pre-filled data and editit if necessary. Enter the remaining / additional data (if required). Click Confirm at the end of each section.


Step 10: Enter your income and deduction details in the different section. After completing and confirming all the sections of the form, click Proceed.

Step 10a: In case there is a tax liability

You will be shown a summary of your tax computation based on the details provided by you. If there is tax liability payable based on the computation, you get thePay Now and Pay Later options at the bottom of the page.

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Note:

  • It is recommended to use the Pay Now option. Carefully note the BSR Code and Challan Serial Number and enter them in the details of payment.
  • If you opt to Pay Later, you can make the payment after filing your Income Tax Return, but there is a risk of being considered as an assessee in default, and liability to pay interest on tax payable may arise.

Step 10b: In case there is no tax liability (No Demand / No Refund) or if you are eligible for a Refund

After paying tax, click Preview Return. If there is no tax liability payable, or if there is a refund based on tax computation, you will be taken to the Preview and Submit Your Return page.

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Step 11: On the Preview and Submit Your Return page, enter Place, select the declaration checkbox and click Proceed to Validation.

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Note: If you have not involved a tax return preparer or TRP in preparing your return, you can leave the textboxesrelated to TRP blank.


Step 12: Once validated, on your Preview and Submit your Return page, click Proceed to Verification.


Note: If you are shown a list of errors in your return, you need to go back to the form to correct the errors. If there are no errors, you can proceed to e-Verify your return by clicking Proceed to Verification.


Step 13: On the Complete your Verification page, select your preferred optionand click Continue.


It is mandatory to verify your return, and e-Verification (recommended option - e-Verify Now) is the easiest way to verify your ITR – it is quick, paperless, and safer than sending a signed physical ITR-V to CPC by post.

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Note: In case you select e-Verify Later, you can submit your return, however, you will be required to verify your return within 120 days of filing of your ITR.


Step 14: On the e-Verify page, select the option through which you want to e-Verify the return and click Continue.

Note:

  • Refer to How to e-Verify user manual to learn more.
  • If you select Verify via ITR-V, you need to send a signed physical copy of your ITR-V to Centralized Processing Center, Income Tax Department, Bengaluru 560500by normal / speed post within 120 days.
  • Please make sure you have pre-validated your bank account so that any refunds due maybe credited to your bank account.
  • Refer to My Bank Accountuser manual to learn more.

Once you e-Verify your return, a success message is displayed along with the Transaction ID and Acknowledgment Number. You will also receive a confirmation message on your mobile number and email IDregistered onthe e-Filing portal.

(Video) File ITR-2 Online free AY 22.23, Stock Trading, Mutual Fund ITR, #itr2 Capital Gain ITR

File ITR-2 Online User Manual (41)


4. Related Topics

  • Login
  • My Profile
  • Register Yourself
  • Reset Password
  • Dashboard
  • My Bank Account
  • How to e-Verify
  • Generate EVC
  • Income tax forms (Upload)
  • Offline Utility
  • ITR Status

FAQs

How to file ITR 2 online step by step? ›

Follow the steps below to file and submit the ITR through online mode: Step 1: Log in to the e-Filing portal using your user ID and password. Step 2: On your Dashboard, click e-File > Income Tax Returns > File Income Tax Return.

Is IT possible to file ITR 2 online? ›

An ITR-2 form can be furnished either in online or offline mode. In online mode, either XML needs to be uploaded or client can directly login to income tax portal and select the submission mode as “prepare and submit online”.

How do I file a new itr2? ›

Click on the 'e-File' menu and click the 'Income Tax Return' link. On Income Tax Return Page PAN will be auto-populated. Now select 'Assessment Year', ITR Form Number'. Click on 'Filing Type' as 'Original/Revised Return'

What is Schedule fa in ITR 2? ›

A resident assessee having any assets (including financial interest in any entity) located outside India or signing authority in any account located outside India, shall fill out schedule FA and furnish the return in the manner provided at 5(ii), 5(iii) or 5(iv).

Can a salaried person file ITR-2? ›

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.

Can I file my ITR myself? ›

Taxpayer can file ITR 1 and ITR 4 online. Login to e-Filing portal by entering user ID (PAN), Password, Captcha code and click 'Login'. Click on the 'e-File' menu and click 'Income Tax Return' link.

How can I fill ITR-2 form for AY 2021/22 offline? ›

Go to e-File > Income Tax Returns > File Income Tax Return > Select the relevant Assessment Year and Mode of Filing (Offline).
  1. Step 2: Extract the downloaded zip folder and install the utility. ...
  2. After importing or downloading data, proceed to file the return.
Jan 13, 2022

Who can use ITR-2 form? ›

ITR-2 forms are used by individuals or Hindu Undivided Families whose total income for the assessment year includes: Income from Salary/Pension; or. Income from House Property; or. Income from Capital Gains; or.

Should I file ITR 1 or ITR2? ›

If an individual has income from the sources other than above or his/her residential status is different, then one must file income tax return using ITR-2 form. b) Has foreign income such as dividends from the foreign shares etc.

What is the difference between ITR1 and ITR2? ›

Difference between ITR1 and ITR2

Under Form ITR-1, the individual is not earning an income from through activities like the lottery, gambling etc. On the other hand, in ITR-2, the individual earns through activities like a lottery, gambling etc. The individual earns from 1 house property only.

How can I File ITR-2 offline? ›

Step 1a: Alternately, you can download the offline utility after logging in to the e-Filing portal, and clicking e-File > Income Tax Returns > File Income Tax Return > Select the current AY and Mode of Filing (Offline). Then, click Download under the Offline Utility option.

Which ITR is for salaried person? ›

Thus, if a salaried individual has income from salary and capital gains, then he/she will be required to file an income tax return using the ITR-2 form.

How do I file capital gains tax on ITR? ›

An individual taxpayer can file an ITR in ITR 1 to ITR 4. However, if you have earned capital gains/ losses during the year, it can only be reported in Form ITR-2 and ITR-3. Thus, a salaried person who is otherwise eligible to file a return in ITR-1 will have to choose ITR-2 to report the capital gains.

Can I file ITR for last 3 years now? ›

No, you cannot file an ITR for the last three years together, that is, in one year.

Do I need to declare foreign asset? ›

Under the India Income tax (IT) law, there is a requirement to report all foreign assets in the ITR if the individual qualifies as “resident and ordinarily resident" (ROR) of India during the relevant financial year.

Which ITR for salary and dividend income? ›

ITR-2 form is for individuals and HUF receiving income other than income from 'Profits and Gains from Business or Profession'. Thus, individuals with income from the following sources are eligible to file Form ITR-2: Income from salary/pension.

Which ITR for salary person with share trading? ›

ITR 3(ITR 4 renamed to ITR3 from 2017) – when you have a salary, interest income, income from house property, income from capital gains, and income from business/profession, you can use ITR 3. So if you are an individual who is declaring trading as a business income, you have to use ITR 3.

Where is mutual fund income in ITR-2? ›

Assessees can fill up the Page 112A specifically included in ITR-2 for disclosing capital gains or losses from both equity and debt mutual fund schemes.

How can I fill ITR-2 form for AY 2021/22 offline? ›

Go to e-File > Income Tax Returns > File Income Tax Return > Select the relevant Assessment Year and Mode of Filing (Offline).
  1. Step 2: Extract the downloaded zip folder and install the utility. ...
  2. After importing or downloading data, proceed to file the return.
Jan 13, 2022

What is the difference between ITR1 and ITR2? ›

Difference between ITR1 and ITR2

Under Form ITR-1, the individual is not earning an income from through activities like the lottery, gambling etc. On the other hand, in ITR-2, the individual earns through activities like a lottery, gambling etc. The individual earns from 1 house property only.

How do I file capital gains tax on ITR? ›

An individual taxpayer can file an ITR in ITR 1 to ITR 4. However, if you have earned capital gains/ losses during the year, it can only be reported in Form ITR-2 and ITR-3. Thus, a salaried person who is otherwise eligible to file a return in ITR-1 will have to choose ITR-2 to report the capital gains.

Where is mutual fund income in ITR-2? ›

Assessees can fill up the Page 112A specifically included in ITR-2 for disclosing capital gains or losses from both equity and debt mutual fund schemes.

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