Quick Summary
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 Undivided Families (HUFs) not having income from business or profession. What is ITR-2? Form ITR-2 is used by: Individuals and HUFs not earning income from business or profession Those who ha
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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.
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