The Income Tax Department has launched online filing for ITR-2, complete with prefilled data, on its e-Filing portal. This update aims to streamline the tax return process for individuals and Hindu Undivided Families (HUFs) who do not have income from business or profession but may have capital gains, foreign assets, or income from multiple properties. The new system offers a user-friendly interface, real-time validation, and seamless integration with various tax documents.
The Income Tax Department has announced that ITR-2 is now officially enabled for online filing with prefilled data on the Income Tax e-Filing portal. This move is set to simplify the return filing process for millions of taxpayers who fall under the ITR-2 category, particularly individuals and Hindu
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FAQ :
ITR-2 is an income tax return form used by individuals and Hindu Undivided Families (HUFs) who do not earn income from business or profession. It is also for those with capital gains, foreign assets, or income from more than one house property, and residents/non-residents with income exceeding Rs 50 lakh.
Yes, ITR-2 is now officially enabled for online filing with prefilled data on the Income Tax e-Filing portal.
Prefilled data means that details like salary, interest income, and TDS are already available on the Income Tax portal, reducing the need for manual entry.
Individuals and HUFs who do not have income from business or profession, but have capital gains, foreign assets, or income from more than one house property, can benefit from this simplified process.
The online system features a user-friendly interface, real-time validation, elimination of manual JSON file uploads, and seamless integration with AIS, Form 26AS, and bank details.