Filing your Income Tax Return (ITR) is a key financial accountability, and it becomes more significant when you have capital gains from property or investments in shares and stocks. We are here to provide you with important information about ITR forms, their importance, and eligibility criteria for ITR 2.
The Indian Income Tax Department has established some ITR forms, each designed for specific types of taxpayers and income sources. Please find type of ITR Forms below.
ITR-1 (SAHAJ): For individuals with income from salary, one house property, and other sources like interest or dividends.
ITR-2: For individuals and Hindu Undivided Families (HUFs) with income from capital gains, shares, and stocks, among other sources.
ITR-3: For individuals and HUFs with income from business or profession.
Here the common ITR forms:
ITR-4: For individuals, HUFs, and firms (other than LLP) with income from a business or profession under the presumptive taxation scheme.
ITR-5: For persons other than individuals, HUF, companies, and those filing ITR-7.
ITR-6: For companies other than those claiming exemption under Section 11 (charitable institutions).
ITR-7: For persons including companies who are required to furnish returns under Section 139(4A) or Section 139(4B) or Section 139(4C) or Section 139(4D).
ITR-2 is meant for individuals and HUFs who have income from capital gains.
Income from capital gains (short-term or long-term) from the sale of property or investments like shares and stocks.
Legal Requirement: It is a legal duty for individuals and entities with taxable income to file their returns within the specified deadlines.
Documentation: It is documented proof of your income and financial actions
Claiming Tax Refunds: Filing ITR allows you to claim tax refunds in case you have paid extra tax.
Avoiding Penalties: Timely filing of IT helps you to avoid penalties and interest on tax dues.
Building Financial Credibility: Consistently filing your ITR can improve your financial credibility and make it easier to obtain loans or credit cards.
As mentioned earlier, ITR-2 is mainly for individuals and HUFs with capital gains and income from more complex sources. To be eligible for filing ITR-2, you should have one or more of the following:
Please call us on 📞 +91-9719586772 or write us at info@sktaxlawfirm.com for ITR filing for capital gain in property, ITR filing for shares and stocks, ITR filing online consultation for ITR 2. We provide our services in Ghaziabad and all below location.
Sahibabad |
Loni |
Nyay Khand III |
NH-24 |
Surya Nagar |
Vasundhara Sector-14 |
Amrit Nagar |
Gokalpuri |
Nehru Nagar-II |
Vasundhara Sector-9 |
Sewa Nagar |
Elaichipur |
Nehru Nagar-III |
Govind Puram |
Sanjay Nagar |
Dilshad Plaza |
Madhopura |
Vasundhara Sector-7 |
Vaishali |
GT Road |
Nehru Nagar |
Vasundhara Sector-4 |
Shakti Khand I |
Gyan Khand I |
Dilshad Extension |
Raj Nagar Extension |
Bhram Puri |
Husainpur |
Janakpuri |
Vasundhara Sector-8 |
Shastri Nagar |
Hazipur |
Naya Ganj |
Vasundhara Sector-12 |
Gyan Khand II |
Hapur Road |
Kavi Nagar |
Chhapraula |
Nai Basti Dundahera |
Dhoom Manikpur |
Nyay Khand I |
Vasundhara Sector-10 |
Gyan Khand III |
Crossing Republik |
Lohia Nagar |
Lal Kuan |
Gyan Khand IV |
Ahinsa Khand II |
Niti Khand II |
Madhuban Bapudham |
LOCALITY |
Ahinsa Khand I |
Rajendra Nagar |
Dundahera |
Pandav Nagar Industrial Area |
Abhay Khand 2 |
Vasundhara |
Harsaon |
Vasundhara Sector-5 |
Ambedkar Road |
Niti Khand I |
Wave City |
Harbans Nagar |
Ankur Vihar |
Abhay Khand |
Vasundhara Sector-1 |
Vasundhara Sector-19 |
Chipiyana Buzurg |
Vaibhav Khand |
Mahurali |
Shakti Khand III |
Bahrampur |
Defence Colony |
Muradnagar |
Niti Khand III |
Indraprastha Yojna |
Patel Nagar |
Sehani Khurd |
Lalbag Colony |
Kala Patther |
Daulatpura |
Ved Vihar |
Raj Nagar |
Pink City |
Vasundhara Sector-2A |
Raispur |
Vaishali Extension |
Nyay Khand II |
Vasundhara Sector-15 |
Bhuapur |
Vijay Nagar |
NH-91 |
Model Town |
Shahpur Bamheta |
Shakti Khand II |
Ramprastha |
Kaushambi |
Raghunathpur |
Vasundhara Sector-17 |
RK Puram |
Bhopura |
Dasna |
Vasundhara Sector-18 |
Shalimar Garden Extention 2 |
Neelmani Colony |
LOCALITY |
Behta Hajipur |
Shalimar Garden Extention 1 |
Maliwara |
Trans Delhi Signature City |
Chiranjiv Vihar |
Shahberi |
Pratap Vihar |
Farukh Nagar |
Vasundhara Sector-13 |
NH-58 |
Shalimar Garden |
Pilkhuwa |
Panchsheel Enclave |
NH-34 |
Vasundhara Sector-16 |
Modinagar |
Vasundhara Sector-2B |
Lajpat Nagar |
Kamla Nehru Nagar |
Vaishali Sector-9 |
Avantika |
Koyal Enclave |
Chander Nagar |
Vikram Enclave |
Vasundhara Sector-6 |
Kinauni Village |
Nandgram |
Vaishali Sector-5 |
Vasundhara Sector-11 |
Loni-Delhi Road |
Indirapuram |
Vaishali Sector-2 |
Krishna Vihar |
Makanpur |
Vasundhara Sector-3 |
Vaishali Sector-1 |
Shakti Khand IV |
Mohan Nagar |
Ghukna |
Vasundhara Sector-2C |
Sadiqpur |
Masuri |
Hindan Residential Area |
Siddharth Vihar |
Swaran Jyanti Puram |
Shatabdipuram |
Marium Nagar |
Vaishali Sector-3 |
Shyam Pak |
|