Filing ITR-2 Form: Big relief for taxpayers! Paying income tax has become easier, now you can fill ITR-2 form online

The Income Tax Department has given a big relief to those who pay income tax. Now taxpayers will be able to file the pre-filled ITR-2 form by visiting the online e-portal. Taxpayers will be able to avail this facility from July 18, 2025.

Filing ITR-2 Form: The Income Tax Department has started the facility of filing ITR-2 form online from 18 July 2025. Now salaried taxpayers who have capital gains, crypto income or any other special income sources. He can file his income tax return online through the e-filing portal of the Income Tax Department (https://incometax.gov.in/iec/foportal/).

The Income Tax Department posted on social media that, Taxpayers note! ITR-2 form is now available for online filing with pre-filled data. The last date for filing ITR for the financial year 2024-25 and assessment year 2025-26 is 15 September 2025. Earlier only ITR-1 and ITR-4 forms were available online and in Excel utility, which were for taxpayers with limited income group. However, only Excel utility is available for ITR-3 right now, online facility will start soon.

Who can file ITR-2?

  • According to chartered accountant Abhishek Soni, co-founder, Tax2Win, in an ET report, ITR-2 is for the following individuals or Hindu Undivided Family (HUF).
  • Those whose income consists of salary or pension.
  • Income from one or more house properties.
  • Income from other sources, such as lottery, horse racing, or income taxable at special rates.
  • Those having investments in unlisted equity shares.
  • Directorship in a company or resident (ROR/RNOR)
  • Capital gains or income from foreign assets/income.
  • Agricultural income exceeding Rs 5,000.
  • Income to which clubbing provisions apply.
  • Those having financial interest in property or accounts abroad.
  • Those wishing to carry forward or bring forward loss from house property.
  • Those having tax deduction under section 194N.

What’s new in ITR-2?

Capital gains – Separate schedules for gains before and after 23 July 2024 (after the changes in Finance Act 2024).

Loss on share buyback – Loss allowed if dividend income is shown in income from other sources (after 1 October 2024).

Assets and liabilities – Mandatory reporting if total income exceeds Rs 1 crore.

Detailed information of deductions – Improved reporting for section 80C, 10(13A) etc.

TDS codes – Reporting of TDS section codes in Schedule-TDS.

Documents required to file ITR-2

According to the Income Tax Department website, the following documents will be required to file ITR-2 form.

For salary income- Form 16 issued by the employer, containing details of salary and TDS.

For interest income and TDS- Form 16A- Issued by the deductor when TDS is deducted on interest income from fixed deposit (FD) or savings account. Form 26AS- For TDS verification from salary and other sources, download from the e-filing portal.

For renters- Rent receipts- If you live in a rented house and want to claim HRA (House Rent Allowance) (if not paid by the employer).

For capital gains- Summary of capital gains/profit and loss statement- For calculation of capital gains, in case of transactions in shares or securities.

For calculation of interest income- Bank passbook- Details of interest income from savings account and fixed deposit receipts (FDRs) for calculation of interest received from fixed deposits.

For income from house property- Tenant details- Details of rent amount to be provided.

Local tax payment- Receipt of payment of property tax on borrowed capital and interest- If loan is taken for house, then details of interest.

For loss in current year- Documents related to loss- Relevant documents showing loss incurred in the current year.

For loss in previous year- ITR-V of previous year, copy of return of previous year disclosing loss.

For tax exemption claims- Section 80C, 80D, 80G, 80GG documents like life and health insurance receipts. Donation receipts. Rent receipts (for 80GG). Tuition fee receipts and proof of other tax saving investments to be provided.

Read More: Income Tax Department has made a big change regarding ITR-2 form, check it before filing ITR

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