ITR-2

The ITR-2 type is a very important Income Tax Return type utilized by Indian voters, additionally as Non Residents to file their Tax Returns with the Income Tax Department of India. People who don't seem to be eligible to use ITR-1 will use the ITR-2 type.

Individuals and Hindu Undivided Families who have their financial gain for the fiscal year through wage or Pension, quite House Property, financial gain from Capital Gains, financial gain from foreign assets/Income, financial gain from business or profession as a partner (not proprietor) and different sources together with lottery, racehorses, legal gambling area unit eligible to file their Income Tax Return through ITR-2. People who don't seem to be eligible to file returns by ITR-1, owing to their financial gain exceptional ₹ 50 Lakhs, conjointly got to file through ITR-2.