What is the ITR 2 Form?
The ITR-2 is filed by individuals or HUFs not having income from profit or gains of business or profession and to whom ITR-1 is not applicable. It includes income from capital gains, foreign income, or any agricultural income more than Rs 5,000.
- What is ITR 2 Form
- Eligibility File ITR 2 Online AY 2020-21
- File ITR 2 Via Gen IT Software
- ITR 2 Due Date for AY 2024-25
- Structure of ITR 2 Filing
- ITR 2 Form Filing Online and Offline Mode
ITR 2 Filing Start Date for Taxpayers
The Income Tax Department launched an online filing for the ITR-2 form on July 18, 2025.
Eligible Taxpayers for Filing ITR 2 Online AY 2026-27
The taxpayers who are eligible for filing the ITR-2 form are the persons whose source of income is as mentioned below:
- A resident having any asset located outside India or signing authority in any account.
- A non-resident or not-ordinary resident.
- Taxpayers who earn agriculture income above Rs. 5000/-.
- Income from winnings of a lottery, horse race, gambling, etc. under the head of other sources.
- Both short and long-term capital gains/losses from the sale of property/investments/securities. (if there is only long term capital gain exempt u/s 10(38) then ITR-1 can be filed)
The taxpayers who do not require to file the ITR-2 form are as follows:
- Taxpayers who earn from business or profession
- Taxpayers who are eligible to file Income Tax Return 1.
File ITR 2 Via Gen IT Software, Get Demo!
Due Date for Filing ITR 2 Online FY 2025-26
- FY 2025-26 (AY 2026-27) – 31st July 2026
- FY 2024-25 (AY 2025-26) – 31st July 2025 | 16th September 2025 (Revised)
- FY 2023-24 (AY 2024-25) – 31st July 2024
Every year, on or before 31st July is termed as the last date for filing ITR 2.
Structure of ITR 2 Filing for AY 2026-27 Online
Part A: General Information
Schedule S: Details of Income from Salary
Schedule HP: Details of Income from House Property
Schedule CG: Capital Gains
The information regarding Capital gains is enclosed with the following details of the taxpayer to furnish with:
A. Short-term Capital Gains (STCG)
B. Long-term capital gain (LTCG) (Sub-items, 5, 6, 7 & 8 are not applicable for residents)
Schedule 112A:
From the sale of equity shares in a company or unit of an equity-oriented fund or unit of a business trust on which STT is paid under section 112A.
115AD(1)(b)(iii) proviso
For NON-RESIDENTS – From the sale of equity shares in a company or unit of an equity-oriented fund or unit of a business trust on which STT is paid under section 112A.
Schedule VDA: Income from transfer of virtual digital assets
Schedule OS:
- Income from other sources: The information regarding income from other sources is enclosed.
Schedule CYLA:
Schedule BFLA:
Schedule CFL: Carry Forward of Loss
Schedule VI-A: Deductions under Chapter VI-A
Details under this title are enclosed with the following details of the taxpayer to furnish:
Schedule 80G: Details of donations entitled for deduction under section 80G
Schedule 80GGA: Details of donations for scientific research or rural development
Schedule 80GGC: Details of contributions made to political parties.
Schedule 80DD: Details of deduction in respect of maintenance including medical treatment of a dependent who is a person with disability.
Schedule 80U: Details of deduction in case of a person with disability
Schedule AMT: Computation of Alternate Minimum Tax payable under section 115JC
Schedule AMTC: Computation of tax credit under section 115JD
Schedule SPI: Income of specified persons (spouse, minor child etc.) includable in income of the assessee as per section 64
Schedule SI: Income chargeable to tax at special rates
Schedule EI: Details of Exempt Income (Income not to be included in Total Income or not chargeable to tax)
Schedule PTI: Pass Through Income details from business trust or investment fund as per section 115U, 115UA and 115UB
Schedule FSI: Details of Income from outside India and tax relief
Schedule TR: Summary of tax relief claimed for taxes paid outside India
Schedule FA: Details of Foreign Assets and Income from any source outside India
Schedule 5A: Information regarding apportionment of income between spouses governed by Portuguese Civil Code
Schedule AL: Assets and Liabilities at the end of the year (applicable in a case where total income exceeds Rs. 1 Crore)
Schedule Tax-deferred on ESOP: Information related to Tax deferred – relatable to income on perquisites referred in section 17(2)(vi) received from employer, being an eligible start-up referred to in section 80-IAC
Part B-TI: Computation of Total Income
Part B-TTI: Computation of tax liability on total income
20 Tax Payments
Verification: There will be verification at the end of all the General, Part B TI and Part B TTI ensuring that the details given are factually correct and self-attested by the taxpayer.
If the return has been prepared by a Tax Return Preparer (TRP) give further details below:
- Identification No. of TRP
- Name of TRP
- Counter Signature of TRP
If TRP is entitled for any reimbursement from the Government, amount thereof 21
A Details of payments of Advance Tax and Self-Assessment Tax
B Details of Tax Deducted at Source from Salary [As per Form 16 issued by Employer(s)]
Income Tax Return 2 Form Filing Mode
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 âprepare and submit onlineâ. In the case of online filing, some data can be imported from the latest ITR or form 26AS. Super senior citizens (Age of 80 years or more) are exempted from the online filing of ITR. Offline here means to furnish the return form in paper format.
Online:
- While furnishing ITR-2 online, feed the details and e-verify return using EVC via Bank Account/Net Banking/Demat Account/Aadhar OTP or
- 2. Feed the details using electronic medium and send a physical copy of ITR V to Centralized Processing Centre (CPC), Bengaluru through speed post or normal post. When you furnish the ITR-2 return form using electronic medium, the receipt will be seen in the inbox of the registered email id. It can also be downloaded from the official income tax website manually. After downloading the acknowledgement, you need to sign the form and then send CPC office, Bangalore before completing 120 days counting from the e-filing date. On the other side, it is not required to send the ITR V to the CPC if EVC/OTP option is used
Offline:
- If the age of the person is 80 or more years during the respective tax period or in the previous year, he/she can opt for offline return filing.
ITR 2 Online User Manual Guide
To declare the RSUs under Schedule FA – Section A3, what should we consider the peak value of an investment? Do we need to consider the peak value of the share during the accounting period to arrive at the peak value of an investment? If yes, this is just notional income, only paper. Or the total value of the investment made by you (means initial investment + additional investment during the accounting period). Please clarify. Thanks in advance
You have to consider the peak value of the share during the accounting period to arrive at the peak value of an investment.
While declaring espp in the Schedule FA, what should I consider as the peak value of the investment , closing balance- whether closing balance for the whole year or till now, what should I consider for the total gross amount paid /credited with respect to holding during the period- please clarify. Thanks in Advance
For details of unlisted shares, information is to be given for the number of shares purchased during the year and date of purchase. As there is no purchase during the year, I filled 0 in both the columns but it is giving an error message for date of purchase and asking for a date to be mentioned in dd/mm/yyyy format. As there is no such date in absence of any purchase, how I should fill this column.
Leave the columns blank instead of entering 0.
Sir, I am a pensioner and used to file my income tax ITR 1 but during FY2018-19 I sold some shares incurring a loss. I am told in ITR 1 I cannot show losses due to the sale of shares. Request advise how do I proceed. Thanks
Before saving ITR 2 excel XML file, XML summary is displayed of all the schedules except Part A General, OS and Part B – TI – TTI with the number of entries made and the total amount against each schedule. An amount has been entered as short term loss in CFL schedule for the loss made in 2016-17 and since there is no ST capital gain last FY, set-off is not done.
The XML summary mentions FILLED for no. of entries and NA for the amount against CFL schedule. Whereas for EI schedule, both FILLED and the actual amount are mentioned in the XML summary, Kindly advise if the data as being shown against CFL schedule in the XML summary is okay and the XML file can be saved for uploading.
The XML summary shows a set of selected schedules, except Part A General, OS and Part B TI – TTI, with the corresponding number of entries made and the total amount. For CFL, it mentions FILLED but instead of the amount, it mentions NA. Whereas for EI, both FILLED and the amount are mentioned. Is this okay or corrections needed?
The ITR form is ITR 2.
1. Can I adjust short term capital loss in share transaction with short term capital gains from liquid MF? If so, in which schedule of ITR2 it could be shown?
2. Is dividend from liquid MF taxable?
I am a resident- Indian. I am having income from Salary and capital gain from equity and other sources like FD intt. I filled up ITR 2 all scheduled except HP and AMTC, PTI, FSI, TR-FA, SCH5a, AL. After completion of all, calculate tax button is pressed and no tax liability had come and whatever advances tax had been paid, it’s came as refund as total taxable income ( above 6 L) shown as deemed income under 115JC in PartB-TI-TTI schedule. How it’s happening? It is showing in AMT scheduled automatically.
Yes, the total income automatically gets posted in SCH. AMT. There is no issue in that since no liability will be calculated as long as AMT does not apply.
After generating XML file for ITR2 and further after saving that, when I upload the XML file and submit then one message is coming ” No file is selected” and on top another one message is showing that is “The XML Schema is invalid. Please upload the XML in the correct Schema. At Line Number 303: Invalid content was found starting with element ‘ITRForm:DeductionUs54F’. One of ‘(http:/incometaxindiaefilling.gov.in/master”. ExemptionOrDednUs54)” is expected. This message is showing. So I couldn’t submit the return. Please give useful tips so that I can submit the return. I am having CG loss in both.
Thank you, Sir
if you are filing the return through genius software, then please make sure that your software is updated.
I filled all details in excel format in itr2. Validate all required sheets and calculate tax using calculate tax button. Then generate XML button is pressed. Then a summary of sheets is appearing on the screen and save XML button is visible on the screen. After pressing save XML button file is saved as XML format. Then I am selecting the XML file to browse and submit the same. This time the above-said message is coming. Please guide me how I cam submit the itr2 return.
Thank you
Same thing happening with me. But how can tax liability be zero?
Sir, I am filing ITR2, my STCG for FY 8200( PROFIT= 20000, LOSS- 11800). During filing, we need to submit the quarterly STCG details (under table F(1) of CG schedule).
I made a profit of 20000 in 1st 3 quarters and loss of 11800 in quarter4 so STCG for FY is 8200 only. But table F(1) is not accepting negative values so my profit becomes 20000 for FY. Please suggest me to fill the form
Thank you, sir,
You will have to show the net figures in table F(1) after adjusting the losses.
I read on the internet that if capital gains covered by Sec 10(38) are only there then we can submit in ‘others’ tab in other sources of income.
I have some capital gains from the redemption of equity mutual funds, capital gain from one fixed maturity plan and some capital gain from a liquid fund. Stt was charged on all but the fmp at the time of redemption or maturity.
Can the return be filed in itr1
If you have income under the head Capital Gain, you can’t file ITR 1
Offline form is fine. What about Genius software filing procedure step by step would be advisable. Especially Equity oriented units LTCG is bit tough while filling in Genius software. It asks scrip wise details where as IT dept states it is not required scrip wise. Kindly look into it.
Kindly update the software. Now both the options have been provided in Securities LTCG i.e. scrip wise and without scrip wise.
Which ITR I need to file? I am working in a PSU also I have 4k profit in positional trading of equity shares.
It depends whether you show your share trading as capital gain or business. In the first case, ITR-2 will be applicable while in latter case, ITR-3/4.
Its a capital gain so ITR 2 it is…thanks a lot for your time!
welcome
ITR 2 : 22C(2) – TDS3. Details of Tax Deducted at Source (TDS) on Income [As per Form 16B/16C issued by Dedicator
I have purchased a flat which is above 50L. Seller asked to pay me 1% TDS 26QB and provided 16 B which I did. Now in this ITR-2, 22C(2)
1. what shall I fill. (Self or other person)
2. Column 9 will be the TDS value?
3. Column 11 Gross amount will be value for witch TDS was paid?
4. Column 12 Head of Income will be (Income from house prop or income from Cap. Gains or income for other source or Exempt income??
Please note that this schedule is required to be filled by the person claiming TDS i.e. the seller. So being a buyer, you do not need to fill any of these details.
Sir,
I’m a salaried person and have received small commission/brokerage of Rs 8000 in fy 18-19. Which form should I use and where should I put this figure.
Thanks & Regards
It depends whether you treat your commission income as a business or as income from other sources. In the first case, ITR-3 will be applicable while in later case ITR-1.
I want to club House property income of my spouse in my returns. It is clear how to add this in schedule SPI of ITR 2. But in schedule HP, how do I include clubbed income?
Show the income in relevant head i.e. house property along with disclosure in schedule SPI.
Thank you for the response. I added a row in schedule SPI and selected head of income as House Property. My confusion is about how to include this income in schedule HP. Should it be added in item 1a “Gross rent received or receivable or let able” in HP?
For FY 2018-19, I sold a property that was jointly owned by my father. If I sold the property at Rs. 50L and had purchased at Rs. 46L, should I put “Full value of the consideration received” as Rs. 25L and “Cost of acquisition” as 23L for each of us, assuming we have 50% share each; or, should it be 50L and 46L for these 2 fields for both of us?
Please suggest.
Individual share has to be entered in the relevant fields i.e. 50-50% each in both ITRs.
Thank you! In that case, what should be entered for “Value of the property as per stamp valuation authority” – will it be the full value of the property or 50%? Asking this because the “Full value of consideration adopted as per Section 50C for the purpose of Capital Gains” has to take the higher of “Value of the property as per stamp valuation authority” and “Full value of the consideration received”, as I know it.
Thanks in advance! I am struggling to get an answer to this query.
Again as per our understanding, 50% value should be in filled in “value of the property as per stamp valuation authority”
In this scenario of selling joint property, can you please advise on what is the purchase amount for the buyer that should be provided in Sec.B.1.f (Schedule CG). Here, it asks us to provide buyer details (name, address, PAN, Aadhaar) and buyer purchase amount and percentage share. In this example, should we provide the buyer purchase amount as 25L or 50L? Note: In Form 26AS of each of the sellers, the property value sold is mentioned as 50L.
PLEASE SPECIFY THE QUERY
I have submitted form ITR 2 for my salary income and capital gain income from the sale of flat but in ITR V e verification copy capital gains details are not appearing, what may be the reason?
It might be possible that your overall capital gain income is a negative i.e. loss. You are advised to check your return form schedule CG to verify the same.
Thanks for the prompt reply. There is positive capital gain income & no negative capital gain income. when the capital gain computation is not appearing in ITRV, does it mean that my ITR2 is not properly filed.please advise me how to view schedule CG form? Thanks.
Hi, I am an NRI. I have to file ITR 2. My resident status is of Bahrain, where has Nil Income Tax. I have to provide salary earned in Bahrain under exempt income and foreign income. But as per my understanding, NRI will not cover under DTAA. Is it correct? Then where should we show a foreign salary in ITR 2
If any tax is paid in a foreign country, you will have to show the income in the relevant head along with Schedule FSI. Otherwise, show the income directly under the exempt income schedule.
I have exempt LTCG and taxable STCG. Is it compulsory to fill in the new Schedule 112A?
There is no concept of LTCG exempt from AY 2019-20. It is mandatory to fill details in Sch 112A if the conditions of this section are satisfied.
In my case, I have 25000 LTCG from shares. But up to 1 Lakh is not taxable. In that case, what should I do?
Could you kindly advise where should I fill the details of the Gratuity amount received? In the Exempt Income page on the excel utility file, I’m unable to find Sec 10(10) to fill the gratuity amount received.
Gratuity amount should be shown under Schedule Salary under column Salary as per section 17(1) and exempt amount to be shown under column ” less: Allowances exempt u/s 10″ in other section columns.
hi, I want to file ITR 2 for the first time. I want to know whether tax paid particulars are populated straightaway or I have to type those particulars. And how do I make any payment if there is a short, whether the window will automatically open? thanks
If the details of taxes paid are available in 26AS, then that will be auto-populated in prefilled generated XML and for the short tax payment, you need to enter the entry manually.
In the ITR-2 for excel utility under LTCG section 4a
i A. Cost of acquisition
i B. if the long term capital assets acquired before 01.02.2018 Lower of B1 & B2
Is it correct? Please clarify sir.
As per new changes in LTCG calculation, and insertion of new section 112A and grandfathering provision, details of FMV should need to be entered for arriving at cost of acquisition.
Hello Sir,
In ITR-2 of AY 2020-21 under Schedule 112A it makes “FMV as on 31/1/18” field mandatory & computes LTCG on assets bought after 1/2/18 based on this FMV.
How is FMV as on 31/1/18 relevant while computing LTCG for any asset bought post 1/2/18? Shouldn’t this FMV field be not-applicable in such a case? Isn’t this a bug? OR is there a different Schedule/section in ITR-2 to declare LTCG from assets bought after 1/2/2018?
Please clarify.
If assets purchased after 31st Jan 2018, FMV field be not-applicable
I am residing in the United States and need to fill ITR 2. What will be my Jurisdiction Residency? Is it a Country name, state name or residential address or something else? How to find this information?
Jurisdiction is the State or district of the place of residence.
Hello, I am getting an error on ITR 2 Jurisdiction Residency. I am NRI and filled 2-UNITED STATES OF AMERICA and my Passport no for TIN. Sheet validation shows ok but when I submit XML it shows “at line number 49: the value “2-united states of America” of element ‘ITRform: Jurisdiction Residency is not valid” I have entered different place names still the same error.. can anyone suggest?
The department has now given a dropdown for the jurisdiction of residence in its return filing utility. So select the jurisdiction from dropdown only, do not write it manually.
Dear Sir,
My daughter is staying in the USA and she has only fixed deposit in India. for claiming refund itr-2 to be filled. in address details is she to mention US address or Indian address. for her salary in the US, she pays taxes there. are they to be mentioned in ITR-2 also. please clarify.
Sir, I am a salaried person and used to file my IT returns under ITR 1. During FY 2017-18, I sold my flat. There was a long term capital loss and I have filed my IT returns in ITR 2. Kindly clarify, whether I have to file ITR 1 or ITR 2 for FY 2018-19. I have only salary income for the year.
Thanks.
ITR 1
Dear Sir
Please help me. I am a pensioner and am filling up the offline XML ITR-2 for uploading. I have the Form-16 from my ex-employer as also Form-16A from Banks 2 that has deducted tax from me on account of the interest income from deposits. In the ITR-2 TDS sheet, filling up Table 22B is no problem (TDS deducted by my employer). However, while filling table 22C (1), there are always errors whatever way I fill them. There is no unclaimed dividend brought forward and all the TDS are in my name and for the current year only.
Can you please guide which of the columns in the said Table should be filled by me and how not to get those error messages. Some of these error messages are – “Total in Col 9 cannot be more than total in Col 6 or Col 7, as the case may be”, “Unclaimed TDS brought forward” and details of “TDS of current FY” should be provided in different rows”, “Enter the FY in which TDS was deducted at Sr. No. 1”, etc.
Thanks in advance.
“Dividend” may please be read as TDS and “Banks 2” may be read as 2 banks
Have the same query as above. Do you send a reply on mail? If so pl send me a detailed reply.
Thanks
SK Goel
please let me know if u got solution to this
Thank you so much for your detail steps. I was able to follow your step by step guide and able to file my returns. Appreciate your time in putting it together.
Sir,
ITR-2 online version is not available. My question is whether will it be available after some days or we have to prepare and submit the XML file. Please clarify.
Thanks.
ITR-2 has to filed via XML only.
Sir, I am a resident senior Indian and filing ITR2 since I have a small Capital Gain from equity shares. I also earn a pension, house rent besides interest income. After completing all ITR2 schedules, PartB T-1 shows my net taxable income at Rs490000, which should be taxed say app at INR 9500. Instead, it leads me to Schedule 115jc (AMT), min alternate tax and arrives at Zero tax. Please guide.
Income will be reflected in Schedule AMT since the amount is auto-filled from Part-B BTI. but tax will be calculated only if AMT is applicable.
The option to fill and submit ITR 2 online is currently not available on the e-filing site, it cannot obviously be done now. It asks to upload XML file? However, my query is whether we can expect that option to become available anytime before the last date of filing returns, viz. 31.7.2019? And was this option available in the past? How we can prepare the XML file and upload it?
THANKS
ITR 2 cannot be filed online like ITR 1 or ITR 4. You have to go to Incometaxindia site, you can upload this XML file to file your IT return.
Hope this will resolve your problem.
Sir
I have two queries:
1. I have sold some listed shares during the year, which were held for long. But the sale consideration of all of them (individually and collectively)is less than the closing price of the share as on 31.01.18. As such, I feel that there is no long term capital gain. In this case, please inform whether I have to fill up this column “Long term capital gain” or not.
2. House property is owned jointly by me and my wife. In this case, for interest paid on borrowings for the house purchased, whether I have to give the full amount of interest paid or only the proportionate amount according to my share of the property (50% or 60% as the case may be)
Kindly clarify the above points
1. Yes you need to show the details.
2. If the interest is fully paid by you, you can claim the whole amount of interest as a deduction.
For AY 2019-20, ITR-2 is not available online. when it will be available?
It is now available, you can file it now.
SINCE THE OPTION TO FILL AND SUBMIT ITR-2 ONLINE IS CURRENTLY NOT AVAILABLE ON THE E-FILING SITE, IT CANNOT OBVIOUSLY BE DONE NOW. HOWEVER, MY QUERY IS WHETHER WE CAN EXPECT THAT OPTION TO BECOME AVAILABLE ANYTIME BEFORE THE LAST DATE OF FILING RETURNS, VIZ. 31.7.2019? AND WAS THIS OPTION AVAILABLE IN THE PAST?
THANKS
ITR-2 is available now for e-filing on the income tax portal.
BUT IT IS NOT THE SAME LIKE ITR-1, WHICH YOU CAN FILE ONLINE. IN ITR-2, YOU ARE ASKED TO DOWNLOAD FORM TO FILL UP ONLINE OR OFFLINE, AND THEN UPLOAD XML.
THANKS ANYWAY.
I AM TRYING TO FILL THE ITR-2. I HAVE INCOME ONLY FROM (a) INTEREST, (b) ABOUT RS. 2,000 FROM DIVIDENDS, AND (c) FROM LONG TERM CAPITAL GAIN FROM SALE OF RESIDENTIAL LAND. NO INCOME FROM SALARY. BUT THE SOFTWARE INSISTS ON PROVIDING DETAILS OF EMPLOYER AND WOULD NOT ALLOW ME TO MOVE TO CALCULATION OF TAX ETC. WITHOUT THIS. ANY ADVICE ON THAT.
There is no such validation of providing employer details mandatorily in ITR-2 if you don’t have any salary income.
There is such validation in the Java tool, it doesn’t allow you to calculate tax until you fill Employer details in the Income from Source section. And we add income details earned outside India then it calculates heavy taxes on the same. Can you check and let us know how to file it?
Dear Manjit,
If you have got the solution then pls let me know as I have the same issue….thanks
Hi Manjit, did you get any solution for this issue on Income from the source? I am also not able to file ITR2 because of the same issue.
FOR AN NRI, ITR 2 ASKS FOR TAXPAYER IDENTIFICATION NuMBER. USA does not give Tax Identification number like PAN in India. But in the USA they give Social Sec Nr. ( SSN ) . However since ITR2 specifically asks for Tax Identification Nr for NRI, can the NRI provide his Indian Passport number as the PP nr is more identified with any person. Pls, advise. Thanks
Taxpayer identification number represents any kind of identification number allotted by foreign tax officials for identifying the taxpayer. So whatever kind of identification number provided to NRI, same should be mentioned under the TIN tab.
In ITR 2 AY 2019-20, details of unlisted shares held are required to be mentioned. Many companies whose shares were issued in IPOs in the past are now not listed, and their whereabouts are not known. How can anyone give details of PAN nos. of such companies in ITR 2? Further, would it not be adequate for the Govt. to call for the information on unlisted shares only where such shares were either purchased during FY 2018-19 and/or were sold during FY 2018-19? Sale of unlisted shares is, in any case, required to be reported under Sch. CG (Capital Gains) on ITR 2. Kindly guide in this matter. Thank you.
You can raise this issue in the grievance portal provided by the department. As of now, the department has mandated such details in ITR-2.
ITR 2 Long term capital gains. I have sold some shares bought after 01 Feb 2018 and some bought before this date. How to show both in capital gains statement. Further, the software is taking as income even when the same is less than RS one lakh
There is no separate column provided in the |ITR form to show LTCG on shares bought before 01/02/2018 or after 01/02/2018, only in case of shares bought before 01/02/2018 additional info of FMV as on 31/01/2018 is required. Further as per new schema changes in ITR 2, Rs 1 lakh exemption in LTCG now reduced from the total income of assesee rather than from Capital gain i.e. 1 lakh exemption now allowed at the time of calculation of tax on LTCG.
Hello Sir,
Please note that the FMV field can’t be left blank. If left blank it gives validation error.
What should be entered in the FMV field for assets that were bought after 1/2/2018 and sold thereafter one year of holding period?
If we enter FMV as on 31/1/2018 then the Gain is computed based on this FMV and actual COA i.e., grandfathering clause is applied which I believe is incorrect.
And if we don’t enter FMV as on 31/1/2018 then it gives validation error.
Please clarify…
If assets purchased after 31st Jan 2018, FMV field be not-applicable
DO NOT MIX UP WITH UNLISTED WITH DELISTED SHARES. UNLISTED SHARES MEANS PRIVATE CO SHARES ALLOTTED ON PVT PLACEMENT BASIS AND IF NOT LISTED THESE ARE CALLED UNLISTED SHARES. DELISTED SHARES ARE SHARES ARE EITHER DELISTED DUE TO NON COMPLIANCE WITH SEBI REGULATIONS OR DELISTED AS THESE CO HAVE BECOME DEFUNCT AND NOT TRADEABLE IN THE BOURSES. SO THESE SHARES DO NOT HAVE A VALUE AND SO NO NEED TO REPORT UNDER UNLISTED SHARES AS THESE HAVE LOST ITS INVESTMENT VALUE.
I am a senior citizen getting EPS-95 pension and having some mutual fund exposure. I am filing ITR-2 in excel format. Since my pension is coming under salary income I have some queries :
1) What should I write in place of employer name? Shall I write my old employer name or EPS95?
2) Since I am getting only pension and no other allowance or deductions, how do I furnish other details in this new 2019-20 format? I am not able to leave blank those things because it is not validating
I will be grateful if anyone could answer my queries.
1) You can enter ex-employer details therein.
2) You need to select the option “whether pensioner” as yes and then need to enter pension amount under “Salary as per 17(1)” column.
Step by step ITR 1 Procedure on salaried person
Get here: https://blog.saginfotech.com/file-itr-1-online
I WANT TO KNOW THAT WHILE FILING ITR 2 IN CASE OF NRI WHAT IS TAXPAYER IDENTIFICATION NUMBER?
Taxpayer Identification Number will be tax identification number allocated by the country in which assessee is resident or of that country in which income of NRI is taxable.
FOR U.S RESIDENTS SOCIAL SECURITY NUMBER IS TAX IDENTIFICATION NUMBER
under long term capital gains for equity mutual funds where stt is paid, where the long term capital gains are zero after grandfathering, is it required to furnish the original cost of acquisition, grandfathering cost, etc.
All the details i.e. original cost of acquistion, fmv as on 31.01.2018 required to be mentioned in the return for calculation of capital gain liability.
Hello, I am trying to fill ITR 2, but it is not coming as an option when I try to do it online. In the drop-down, I can see only ITR 1 ITR 4. Could you please help
Only ITR-1 and ITR-4 are available for E-filing. Since ITR-2 is not available on the income tax portal, you cannot file ITR-2 now.
Online still ITR 2 For ay 2019-20 is not available when it will be available, for Offline where to download Pre Filed XML file
Only ITR-1 and ITR-4 are available for E-filing. Since ITR-2 is not available on the income tax portal, you cannot file ITR-2 now.
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