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ITR 2 RETURN FILING

The pre-filling and filing of ITR-2 is available for registered users on the e-Filing portal. This service allows individual taxpayers and Hindu Undivided Families (HUFs) to conveniently file their ITR-2 online. This user manual provides step-by-step guidance on filing ITR-2 through the online mode.

Complete Your ITR Filing

Ready Your ITR 2 Return Filing with Auriga Accounting

  • Connect with our Experts
  • Submit Your Required Documents
  • Track Application Status
  • Received your Certificate

REGISTER NOW..

Why Should I Use Auriga Accounting For ITR 1 Return Filing ?

Auriga Accounting has a team of registration experts who can provide complete guidance to register your ITR 1 Return Filing.

book appointment

Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for ITR Filing 

Complete your ITR Filing

Ready Your ITR 1 Return Filing 

Why Should I Use Auriga Accounting For ITR 1 Return Filing ?

Auriga Accounting has a team of registration experts who can provide complete guidance to register your ITR 1 Return Filing.

book appointment

Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for ITR Filing 

Complete your ITR Filing

Ready Your ITR 1 Return Filing 

Overview
Eligible
File
Documents
Major

Overview ITR 1 Return Filing 

We are all familiar with popular game shows like Kaun Banega Crorepati and reality competitions such as Indian Idol and Dance India Dance. These programs offer substantial prizes, both in cash and kind (e.g., cars, houses, etc.). However, such winnings are considered taxable income, and Tax Deducted at Source (TDS) is applied before the prize is awarded.

Income earned from lottery winnings and online games falls under the category of “Income from Other Sources” and is taxed at a flat rate of 30%. Notably, no exemptions or deductions (such as 80C, 80D, or the basic exemption limit) can be claimed against this income.

Who is Eligible to File ITR-2 for AY 2024-25?

  • Salary/Pension Income
  • Income from House Property (including multiple house properties)
  • Capital Gains/Loss from the sale of investments or property (both short-term and long-term)
  • Income from Other Sources, such as:
    • Winnings from lottery
    • Racehorse betting
    • Other legal gambling activities
  • Agricultural Income exceeding ₹5,000
  • Resident Not Ordinarily Resident (RNOR) and Non-Resident Indians (NRIs)
  • Total income exceeding ₹50 lakh from any of the above sources.

Who Cannot File ITR-2 for AY 2024-25?

The ITR-2 form is not applicable for:

  • Individuals or HUFs earning income from Business or Profession.
  • Individuals eligible to file ITR-1 (Sahaj).

Documents Required for Filing ITR-2

To ensure a smooth and accurate ITR-2 filing process, keep the following documents handy:

For Salary Income: Form 16 issued by your employer.

For Interest Income: TDS Certificates (Form 16A) issued by deductors for interest earned on fixed deposits or savings accounts where TDS has been deducted. Bank passbook or Fixed Deposit Receipts (FDRs) to calculate total interest income.

For Tax Deduction Verification: Form 26AS, which provides a consolidated view of TDS on salary and other income sources (available on the e-filing portal).

For House Rent Allowance (HRA) Claims: Rent receipts if you live in a rented house and have not submitted them to your employer for HRA calculation.

For Capital Gains Transactions: Profit/loss statement or transaction summary for capital gains from shares, securities, or other investments.

For Rental Income from House Property: Details of rent received from tenants. Local tax payment receipts and interest on borrowed capital details (if applicable) for computing house property income

For Loss Claims: Relevant documents proving losses incurred during the current financial year. Previous year’s ITR-V copy, if you are claiming carry-forward losses from earlier years.

For Tax-Saving Deductions (Under Sections 80C, 80D, 80G, 80GG): Investment proofs, such as receipts for life insurance premiums, health insurance premiums, tuition fees, donations, rent receipts, etc., if these were not already considered in Form 16.

Major Changes in ITR-2 for AY 2023-24 & AY 2024-25

The following changes have been incorporated in the ITR-2 form for FY 2022-23 and remain applicable for FY 2023-24:

  1. Schedule VDA (Virtual Digital Assets)
  • A new schedule has been introduced to compute income from cryptocurrencies and other Virtual Digital Assets (VDAs).
  • New Addition: Section 115BBH – Taxation on income from the transfer of VDAs.
  1. Relief under Section 89A
  • A new clause has been added for relief to residents with income from foreign retirement benefit accounts.
  • Point No. 1(e)4: Taxable income in the previous year for which relief under Section 89A was claimed in earlier years.
  1. Exemption under Section 10(12C)
  • A new exemption has been added under Section 10(12C):
    • Payments from the Agniveer Corpus Fund to individuals enrolled under the Agnipath Scheme or to their nominees.
  1. Section 80CCH – Agniveer Corpus Fund Deduction
  • A new deduction has been introduced under Chapter VI A:
    • Full deduction for contributions made to the Agniveer Corpus Fund by individuals employed under the Central Government.
  1. Schedule 80G – ARN Requirement for Donations
  • Additional Information Required:
    • The ARN (Donation Reference Number) must be provided in Clause D of Schedule 80G when claiming deductions for donations.

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Our Happy Clients!

Excellent
Based on 12 reviews
MD SAHIL
MD SAHIL
2023-06-10
Auriga Accounting is right CA firm is crucial for the financial health of our business. Auriga Accounting is reputable firm with experienced professionals, strong technology infrastructure, good communication, and transparent pricing.
Prince Kushwaha
Prince Kushwaha
2023-06-10
Workplace must be peaceful and be active during work , the Auriga Accounting Private Limited provides relevant and necessary things so employees save their time and complete their task before time period effectively and efficiently
Prince Singh
Prince Singh
2023-06-10
Auriga accouting private limited and it's team provide best service at affordable price. I have done my previous year GSTR and ITR they did it before the time
Priyanka Kumari
Priyanka Kumari
2023-04-07
They are best coordination with me. Time to time inform me how to work and what work is my pending. Time to time updated me about my company profile work like ROC Filling last date, GST filling last date, ITR etc... I have no paid any penalty since I started working with Auriga..
Vishal Singh
Vishal Singh
2023-04-07
Best company for providing services, I recommended to all. They give me the best rate of price and finished work before the time.
Sameer khan
Sameer khan
2023-04-07
The auriga accounting private limited is a reliable and a customer support company the team has give Clear answer towards the customer by which the customer cannot get confused and get necessary detail to solve their queries and auriga provided me good service and delivered my work on time very well coordinate with me and talk very well I suggest if you have any work then call auriga they will definitely finish your work on time
Vivek Shakya
Vivek Shakya
2023-04-07
Great Services , within affordable rate and give full satisfaction on works. Easy to Cordinate, I have done My Previous year ITR , Startup Registration. I am very happy with their services and their first priority is their Customer.
find way
find way
2023-04-06
I'll give a five-star rating, I had doubts about how to start my work in the field of business and they guide me and instruct me on how to start a business. They have a great team.
623 Anjali
623 Anjali
2023-04-06
The Auriga has great services. Efficient communication and really easy way to get help and support.
Anjali Sharma
Anjali Sharma
2023-04-06
Auriga Accounting team represents the highest level of customer services I have experienced.The team gives accurate information and responses to queries very fast, which are customer is facing.

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Auriga provide expert services which can get your new business off to a flying start. We are Compliance and finance officers for your business. Here you get simple and affordable online company registration and range of essential services. A world class technology – driven platform, offering end to end service from startup to well established firm.

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  • +91-8700032203
  • Admin@aurigaaccounting.in
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