Set up a sole ITR-2 Return Filing

  • Income tax return filing for persons having DIN or owing private limited company shares.

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Register ITR-2 Return Filing Firm Online through Compliance Gurukul

You can easily complete ITR-2 Return Filing firm registration online through Compliance Gurukul. For a sole ITR-2 Return Filing registration, only the PAN & Aadhaar card of the business owner is required. We can help you obtain the following registrations in less than 15 days:

  • ITR-2 Return Filing
  • Zero-Balance Business Current Account with Compliance Gurukul Software

Once, you have registered for the ITR-2 Return Filing firm registration online on Compliance Gurukul, please follow the steps below and upload the following documents by logging into Compliance Gurukul Software.

  • Step 1: Login to Compliance Gurukul Software using the email address for payment.
  • Step 2: Go to Services Tab & Select ITR-2 Return Filing Engagement
  • Step 3: Upload your PAN & Aadhar Card Copy
  • Step 4: An Compliance Gurukul Registration Expert will file the registration application with GST Department and Bank for Current Account.
  • Step 5: Access to Compliance Gurukul Software is for GST invoicing, GST filing and other services.

Expert Assistance for ITR 2 Form Filing

ITR, or Income Tax Return, is a crucial document in which taxpayers report their Income and applicable taxes to the income tax department. The Income Tax Act of 1961 outlines all the ITR forms and procedures. Among these forms, the ITR2 form is designated for individuals and Hindu Undivided Families who do not generate Income from professional or business activities. Understanding what ITR2 is is crucial for individuals having income from sources such as salary, house property, capital gains, or other sources apart from business or profession.

Compliance Gurukul offers a seamless and efficient solution for filing Income Tax Returns using the ITR2 form in India. Our team of experts guides you through the entire process of how to file ITR 2, ensuring that you meet your tax compliance obligations effortlessly. With IndiaFilings' ITR 2 Filing Services, you can easily navigate the complexities of tax submission, allowing you to focus on what matters most while we handle your tax return needs. Get started today!

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Eligibility for ITR 2 Form

The ITR2 form is tailored for individuals and Hindu Undivided Families (HUFs) whose Income is derived from sources other than 'Profits and Gains from Business or Profession.' If your Income originates from any of the following avenues, you are required for ITR 2 filing form:

  • Income from Salary or Pension.
  • Income derived from house property, which may involve multiple properties.
  • Income from Capital Gains or losses incurred from the sale of investments or property, including both long-term and short-term gains/losses.
  • Income from Other Sources encompasses winnings from lotteries, bets on racehorses, and other legally recognized forms of gambling.
  • Receipts exceeding Rs 5,000 from agricultural activities.
  • Foreign Income or ownership of Foreign Assets.
  • Status as a Resident Not Ordinarily Resident (RNOR) or a Non-Resident.
  • Holding the position of a Director in both listed and unlisted companies.

Documents Needed for ITR 2 Filing Form

ITR2 Form is an annexure-less form, so you don't need to attach any documents during submission. But, Before you begin the ITR 2 filing process, make sure you have the following documents and information on hand for hassle-free filing:

  • Form 16/16A: These documents contain information about your salary and tax deductions (TDS).
  • Form 26AS/AIS/TIS: This statement provides crucial details regarding tax credits, TDS (Tax Deducted at Source), and other relevant tax-related data.
  • Bank Statements: Collect bank statements that reflect Income from interest, dividends, or other financial transactions.
  • Capital Gains Details: Gather the necessary transaction documents if you have sold assets like property or stocks.
  • Details of Foreign Assets and Income (if applicable): Collect the relevant documents if you have foreign assets or earned Income abroad.
  • Aadhaar Card, PAN Card, and Other Identification and Contact Information: Ensure you have these identification documents readily available for reference during the filing process.

Timelines

A sole ITR-2 Return Filing can normally be done in India through Compliance Gurukul in max 2 weeks. However, the timelines for registration will vary from case to case, depending on the government and bank processing timelines.

ITR-2 Return Filing FAQ's

Here's what is ITR2 all about, ITR-2 is an Income Tax Return form in India used by individuals and Hindu Undivided Families (HUFs) who have income from various sources but do not have income from business or profession.

One who can file ITR 2 are the individuals and Hindu Undivided Families (HUFs) who do not have income from business or profession. It is suitable for those with income from salary, pension, multiple properties, capital gains, or foreign assets.

The due date for filing ITR-2 typically falls on July 31st of the assessment year. However, it can be extended by the government if needed.

Yes, you can file ITR-2 online on the official Income Tax Department website or through authorized e-filing portals.

No, ITR-2 is an annexure-less form, and you do not need to attach any documents when filing it.

If you file ITR-2 after the due date but before December 31st of the assessment year, you may be liable for a late filing fee of up to Rs 10,000.

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