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Total Income in ITR-2 less than 5 lakhs, can ITR-2 be filed offline?

Tax queries 308 views 4 replies

Kushal Pande

CFO

256 Points Posted on 26 July 2017

If Total Income (Part B - TI) computed in ITR-2 (AY 17-18) Java/Excel utility is less than 5 lakhs, can ITR-2 be filed offline?

Details:

There is no refund claim/no TDS.

LTCG - Rs. 3,60,00,000

Deduction u/s 54EC - Rs. 50,00,000

Deduction u/s 54F (CGAS) - Rs. 3,10,00,000

Replies (4)

CA Raj Doshi

Practising CA

8954 Points Posted on 26 July 2017

Practical advise to File online. since they will issue scrutiny notice otherwise as they never have details of offline returns filed. Theoretically, you can file offline.

Kushal Pande

CFO

256 Points Posted on 26 July 2017

In these articles:

https://www.bemoneyaware.com/blog/income-tax-ay-2017-18/ https://blog.cleartax.in/itr-forms-fy-2016-17ay-2017-18-income-tax-return-forms-e-filing/

It says:

"Mandatory to e-file tax returns for those with LTCG of Rs 2.5L or more, even though their total taxable income may be below Rs 2.5L"

Is it true?

shreyansh vyas

50 Points Posted on 26 July 2017

only itr 1 and itr 4 can be filed offline(paper) and having super senior citizen or individual having less than income 500000 and no claim of refund .

CA Raj Doshi

Practising CA

8954 Points Posted on 27 July 2017

Mandatory to e-file tax returns for those with LTCG of Rs 2.5L or more, even though their total taxable income may be below Rs 2.5L"

It does seem true