{"id":502,"date":"2025-05-21T17:20:29","date_gmt":"2025-05-21T11:50:29","guid":{"rendered":"https:\/\/vittsalah.com\/?p=502"},"modified":"2025-05-21T17:20:32","modified_gmt":"2025-05-21T11:50:32","slug":"income-tax-return-itr-2-filing-guide-for-fy-2024-25-ay-2025-26-3","status":"publish","type":"post","link":"https:\/\/vittsalah.com\/?p=502","title":{"rendered":"Income Tax Return (ITR-2) Filing Guide for FY 2024-25 (AY 2025-26)-3"},"content":{"rendered":"\n<p>Income Tax Return (ITR) Form&nbsp;<strong>ITR-2<\/strong>&nbsp;is applicable for&nbsp;<strong>Individuals and HUFs<\/strong>&nbsp;who have income from sources other than&nbsp;<strong>business or profession<\/strong>. If you have income from salary, house property, capital gains, or foreign assets, ITR-2 is likely the correct form for you.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Who Should File ITR-2 for FY 2024-25?<\/strong><\/h2>\n\n\n\n<p>\u2705&nbsp;<strong>Individuals &amp; HUFs<\/strong>&nbsp;with:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Salary\/Pension<\/strong>\u00a0income<\/li>\n\n\n\n<li><strong>More than one house property<\/strong><\/li>\n\n\n\n<li><strong>Capital Gains<\/strong>\u00a0(from stocks, mutual funds, property sale)<\/li>\n\n\n\n<li><strong>Foreign Income\/Assets<\/strong><\/li>\n\n\n\n<li><strong>Income from lottery, racehorses, or other speculative sources<\/strong><\/li>\n<\/ul>\n\n\n\n<p>\u274c&nbsp;<strong>Who Cannot Use ITR-2?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Business owners\/professionals (Use\u00a0<strong>ITR-3 or ITR-4<\/strong>)<\/li>\n\n\n\n<li>Individuals with business income (even if small)<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Documents Required for ITR-2 Filing<\/strong><\/h2>\n\n\n\n<p>\ud83d\udccc&nbsp;<strong>Form 16<\/strong>&nbsp;(For salary income)<br>\ud83d\udccc&nbsp;<strong>Bank Statements &amp; Interest Certificates<\/strong>&nbsp;(Savings, FDs, Bonds)<br>\ud83d\udccc&nbsp;<strong>Capital Gains Statements<\/strong>&nbsp;(Brokerage reports for stocks, mutual funds)<br>\ud83d\udccc&nbsp;<strong>Property Sale\/Purchase Documents<\/strong>&nbsp;(If applicable)<br>\ud83d\udccc&nbsp;<strong>Home Loan Interest Certificate<\/strong>&nbsp;(For house property income)<br>\ud83d\udccc&nbsp;<strong>Foreign Income\/Asset Details<\/strong>&nbsp;(If any)<br>\ud83d\udccc&nbsp;<strong>Aadhaar-PAN Link<\/strong>&nbsp;(Mandatory)<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Step-by-Step ITR-2 Filing Process (FY 2024-25)<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 1: Login to Income Tax e-Filing Portal<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Visit\u00a0<strong><a href=\"https:\/\/www.incometax.gov.in\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.incometax.gov.in<\/a><\/strong><\/li>\n\n\n\n<li>Log in using\u00a0<strong>PAN (as User ID) + Password<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 2: Select ITR-2 for AY 2025-26<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Go to\u00a0<strong>&#8220;e-File&#8221; \u2192 &#8220;Income Tax Return&#8221; \u2192 &#8220;File Now&#8221;<\/strong><\/li>\n\n\n\n<li>Choose\u00a0<strong>Assessment Year 2025-26<\/strong>\u00a0\u2192\u00a0<strong>ITR-2<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 3: Fill Income Details<\/strong><\/h3>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>Salary\/Pension<\/strong>\u00a0(From Form 16)<\/li>\n\n\n\n<li><strong>House Property Income<\/strong>\u00a0(Rental income, home loan interest)<\/li>\n\n\n\n<li><strong>Capital Gains<\/strong>\u00a0(Short-term\/Long-term from stocks, property)<\/li>\n\n\n\n<li><strong>Other Income<\/strong>\u00a0(Interest, dividends, foreign income)<\/li>\n\n\n\n<li><strong>Deductions (80C, 80D, etc.)<\/strong><\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 4: Verify Tax Paid (TDS\/Advance Tax)<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Check\u00a0<strong>Form 26AS<\/strong>\u00a0for TDS credits<\/li>\n\n\n\n<li>Match with actual tax deductions<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 5: Calculate Tax Liability\/Refund<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The portal auto-calculates tax based on income.<\/li>\n\n\n\n<li>If\u00a0<strong>tax paid > liability<\/strong>, you get a refund.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Step 6: Submit &amp; E-Verify<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>E-Verify via Aadhaar OTP, Net Banking, or EVC<\/strong>\u00a0(Must be done within 30 days).<\/li>\n\n\n\n<li><strong>No processing without verification!<\/strong><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Changes in ITR-2 for FY 2024-25<\/strong><\/h2>\n\n\n\n<p>\ud83d\udd39&nbsp;<strong>Stricter Reporting for Foreign Assets<\/strong>&nbsp;(New disclosure requirements)<br>\ud83d\udd39&nbsp;<strong>Mandatory Aadhaar-PAN Link<\/strong>&nbsp;(Else \u20b91,000 penalty)<br>\ud83d\udd39&nbsp;<strong>Separate Reporting for Crypto Gains<\/strong>&nbsp;(If applicable)<br>\ud83d\udd39&nbsp;<strong>New vs. Old Tax Regime Option<\/strong>&nbsp;(Choose wisely)<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>ITR-2 Filing Deadline (FY 2024-25)<\/strong><\/h2>\n\n\n\n<p>\ud83d\udcc5&nbsp;<strong>31st July 2025<\/strong>&nbsp;(For Individuals &amp; HUFs)<br>\u23f0&nbsp;<strong>Late Filing Penalty:<\/strong>&nbsp;Up to \u20b95,000 under&nbsp;<strong>Section 234F<\/strong>&nbsp;+ Interest.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Common Mistakes to Avoid in ITR-2<\/strong><\/h2>\n\n\n\n<p>\u274c&nbsp;<strong>Not Reporting Capital Gains<\/strong>&nbsp;(Even if tax-exempt under Section 10(38))<br>\u274c&nbsp;<strong>Incorrect Property Sale\/Purchase Dates<\/strong>&nbsp;(Affects capital gains calculation)<br>\u274c&nbsp;<strong>Missing Foreign Income Disclosure<\/strong>&nbsp;(Can lead to penalties)<br>\u274c&nbsp;<strong>Not E-Verifying the Return<\/strong>&nbsp;(ITR not processed without verification)<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Need Help?<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Free ITR Filing Support:<\/strong>\u00a0<a href=\"https:\/\/www.incometax.gov.in\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.incometax.gov.in<\/a><\/li>\n\n\n\n<li><strong>Consult a CA<\/strong>\u00a0(For complex capital gains or foreign income cases)<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Final Tips for Hassle-Free Filing<\/strong><\/h3>\n\n\n\n<p>\u2714&nbsp;<strong>File Early<\/strong>&nbsp;(Avoid last-minute rush)<br>\u2714&nbsp;<strong>Reconcile Form 26AS &amp; AIS<\/strong>&nbsp;(Ensure no TDS mismatch)<br>\u2714&nbsp;<strong>Keep Property &amp; Investment Documents Ready<\/strong><br>\u2714&nbsp;<strong>Choose the Right Tax Regime<\/strong>&nbsp;(New vs. Old)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Income Tax Return (ITR) Form&nbsp;ITR-2&nbsp;is applicable for&nbsp;Individuals and HUFs&nbsp;who have income from sources other than&nbsp;business or profession. If you have income from salary, house property, capital gains, or foreign assets, ITR-2 is likely the correct form for you. Who Should File ITR-2 for FY 2024-25? \u2705&nbsp;Individuals &amp; HUFs&nbsp;with: \u274c&nbsp;Who Cannot Use ITR-2? Documents Required for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-502","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/vittsalah.com\/index.php?rest_route=\/wp\/v2\/posts\/502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vittsalah.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vittsalah.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vittsalah.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vittsalah.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=502"}],"version-history":[{"count":1,"href":"https:\/\/vittsalah.com\/index.php?rest_route=\/wp\/v2\/posts\/502\/revisions"}],"predecessor-version":[{"id":503,"href":"https:\/\/vittsalah.com\/index.php?rest_route=\/wp\/v2\/posts\/502\/revisions\/503"}],"wp:attachment":[{"href":"https:\/\/vittsalah.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vittsalah.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vittsalah.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}