ITR-2
ITR-2 is the return for an individual or a Hindu undivided family who has no income from business or profession. Company Suggestion uses it when salary is joined by capital gains, more than one house, foreign assets, or income above the ITR-1 limit of ₹50 lakh.
Who files ITR-2?
The form fits when the income is from any of these, and not from a business or a profession.
- Salary or pension, including where total income is above ₹50 lakh.
- One or more house properties, including a loss from the house that is carried.
- Capital gains, short term or long term.
- Other sources, including winnings from a lottery or a race.
- Foreign income, a foreign asset, or a directorship, or unlisted equity shares.
Who should use a different form?
An individual or HUF with profits and gains of business or profession files ITR-3. That includes a partner’s interest, salary, bonus, or commission from a firm. A person who only has salary, one house, and interest, within ₹50 lakh, and none of the ITR-1 bars, stays on ITR-1.
A firm, an LLP, and a company do not file ITR-2. Those returns are ITR-5 and ITR-6.
Which papers does ITR-2 need?
The file follows the heads that apply.
- PAN, Aadhaar, Form 16, and Form 26AS with the Annual Information Statement
- Contract notes and the statement of capital gains from the broker or the registrar
- Purchase and sale deeds, and the cost of improvement, where a property was sold
- Details of foreign assets and foreign income, where the schedule applies
- The bank account for a refund
What are the filing steps?
Company Suggestion files ITR-2 in four steps.
- Each head is listed, and business income is ruled out.
- Capital gains are computed, including the section 112A gain that stays exempt up to ₹1.25 lakh.
- ITR-2 is uploaded by the due date that applies.
- The return is e-verified within 30 days.
Frequently asked questions
4 questions cover the rules that decide this registration.
Is ITR-2 only for salary?
No. Salary can sit in ITR-2, and so can capital gains, more than one house property, lottery winnings, and foreign assets. What it cannot hold is income from business or profession.
Does a director file ITR-2?
A director who has no business or professional income uses ITR-2. Director’s sitting fees are income from other sources. Remuneration that is business income, or a share of profit from a firm, moves the person to ITR-3.
Can a non-resident file ITR-2?
Yes. ITR-2 is open to a resident, a resident but not ordinarily resident, and a non-resident, as long as there is no income from business or profession.
When is ITR-2 due?
On the same dates as any other return. For the year ended 31 March 2026 that is 31 July where no audit applies, and 31 October where the person is a partner of a firm whose accounts are audited.