{"id":59039,"date":"2025-09-05T18:35:16","date_gmt":"2025-09-05T13:05:16","guid":{"rendered":"https:\/\/www.techjockey.com\/blog\/?p=59039"},"modified":"2025-09-18T17:29:44","modified_gmt":"2025-09-18T11:59:44","slug":"what-is-itr-2-everything-you-need-to-know","status":"publish","type":"post","link":"https:\/\/www.techjockey.com\/blog\/what-is-itr-2-everything-you-need-to-know","title":{"rendered":"What Is ITR-2? Here\u2019s Everything You Need to Know"},"content":{"rendered":"\n<p>As one size doesn\u2019t fit all, the same goes for ITR forms. There are multiple ITR forms that are made for different taxpayers. Some taxpayers earn money only from salaries, some have other sources like property, capital gains, or investments outside India.<\/p>\n\n\n\n<p>ITR-2 is one of the multiple <a class=\"wpil_keyword_link\" href=\"https:\/\/www.techjockey.com\/blog\/different-types-of-itr-forms\" title=\"types of ITR\" data-wpil-keyword-link=\"linked\" data-wpil-monitor-id=\"1816\">types of ITR<\/a> forms; each one has different eligible taxpayers.<\/p>\n\n\n\n<p>It is meant for individuals and Hindu Undivided Families (HUFs) who earn from non-business income. ITR-2 is the right form for you if you have capital gains, multiple house properties, or if you earn money from abroad.<\/p>\n\n\n\n<p>This blog will cover:<\/p>\n\n\n\n<ul>\n<li>What is ITR-2?<\/li>\n\n\n\n<li>Who can file Form ITR-2?<\/li>\n\n\n\n<li>Who cannot file the income tax return form 2?<\/li>\n\n\n\n<li>Key changes in AY 2025-26<\/li>\n\n\n\n<li>Due date of ITR-2<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-itr-2\"><span class=\"ez-toc-section\" id=\"what_is_itr-2\"><\/span>What is ITR-2?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u201cITR-2 is an Income Tax Return form that is for individuals and Hindu Undivided Families (HUFs) who do not earn money from any business or profession.\u201d<\/p>\n\n\n\n<p>This form is a lot different from <a class=\"wpil_keyword_link\" href=\"https:\/\/www.techjockey.com\/blog\/what-is-itr-1\" title=\"ITR-1\" data-wpil-keyword-link=\"linked\" data-wpil-monitor-id=\"1823\">ITR-1<\/a> as it\u2019s a little complicated because it covers a wider range of income sources and complex financial situations.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-who-can-file-itr-2-for-ay-2025-26\"><span class=\"ez-toc-section\" id=\"who_can_file_itr-2_for_ay_2025-26\"><\/span>Who Can File ITR-2 for AY 2025-26?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>You can file ITR-2 if you are an individual or belong to a Hindu Undivided Family and earn income from the following:<\/p>\n\n\n\n<ul>\n<li>If your total income is more than INR 50 lakh.<\/li>\n\n\n\n<li>If you receive income from a salary or, pension, regardless of the employer count or size of salary.<\/li>\n\n\n\n<li>If you own multiple properties and you earn from them, whether rented or from any other source of income from that property.<\/li>\n\n\n\n<li>If you generate income from Capital Gains, like stocks, mutual funds, or selling a property. In this, both short and long-term gains are covered.<\/li>\n\n\n\n<li>If you earn income from foreign investments.<\/li>\n\n\n\n<li>If you win money from the lottery or horse races, etc.<\/li>\n\n\n\n<li>If you have other sources of income, like dividends from shares or bank interest.<\/li>\n\n\n\n<li>If agricultural income is more than INR 5000.<\/li>\n\n\n\n<li>If you are a Non-Resident Indian (NRI) or a Resident but Not Ordinarily Resident (RNOR).<\/li>\n\n\n\n<li>If you are a director in a company or have invested in unlisted equity shares at any point in the year.<\/li>\n<\/ul>\n\n\n\n<p><strong>Example:<\/strong><\/p>\n\n\n\n<ul>\n<li>If you are a salaried employee earning INR 60 lakh annually plus dividends and capital gains from mutual funds, you must file ITR-2.<\/li>\n\n\n\n<li>If you own two houses &#8211; one in Delhi and another in Pune, you must go for ITR-2.<\/li>\n\n\n\n<li>If you are an NRI earning rental income in India, you need to file ITR-2.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-who-cannot-file-itr-2\"><span class=\"ez-toc-section\" id=\"who_cannot_file_itr-2\"><\/span>Who Cannot File ITR-2?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>While ITR-2 is for most taxpayers, the ITR-2 applicability rules still exclude many from filing it. Here\u2019s the list below:<\/p>\n\n\n\n<ul>\n<li>If you have income from a business\/profession, and you earn from freelancing, startups, or a consultancy firm.<\/li>\n\n\n\n<li>If you have an income of less than INR 50 Lakh.<\/li>\n\n\n\n<li>Or if you are eligible for any other ITR form.<\/li>\n<\/ul>\n\n\n\n<p><strong>Note:<\/strong> The main difference is the business income. It\u2019s different in different ITR forms. In that case, you will have to file ITR-3 or <a class=\"wpil_keyword_link\" href=\"https:\/\/www.techjockey.com\/blog\/what-is-itr-4-tax-form-that-could-save-you-money\" title=\"ITR-4\" data-wpil-keyword-link=\"linked\" data-wpil-monitor-id=\"1697\">ITR-4<\/a>, depending on your income type.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-release-date-of-itr-2-for-fy-2024-25\"><span class=\"ez-toc-section\" id=\"release_date_of_itr-2_for_fy_2024-25\"><\/span>Release Date of ITR-2 for FY 2024-25<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Income Tax Department released ITR-2 utilities to make e-filing easier:<\/p>\n\n\n\n<ul>\n<li><strong>Offline utility:<\/strong> Released on 11th July 2025<\/li>\n\n\n\n<li><strong>Online utility:<\/strong> Released on 18th July 2025<\/li>\n<\/ul>\n\n\n\n<p>This allowed taxpayers to start filing both offline (via utility) and online (via the e-filing portal). You can also use any third-party <a href=\"https:\/\/www.techjockey.com\/category\/income-tax-software\">income tax software<\/a> also to make filing ITR easy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-due-date-itr-2-filing-in-fy-2024-25\"><span class=\"ez-toc-section\" id=\"due_date_itr-2_filing_in_fy_2024-25\"><\/span>Due Date ITR-2 Filing in FY 2024-25<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The last date for ITR-2 filing for the financial year 2024-2025 is 15 September 2025.<\/p>\n\n\n\n<p>Earlier, the deadline was 31 July 2025, but the government extended it as some major changes were introduced in the ITR-2 form this year.<\/p>\n\n\n\n<p>If in any case, you forgot or missed the deadline, you can still file the return with a late fee until 31 December 2025.<\/p>\n\n\n\n<p>It is advised to pay ITR-2 on time to avoid any penalties and hassle.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-major-changes-in-itr-2-for-fy-2025-26\"><span class=\"ez-toc-section\" id=\"major_changes_in_itr-2_for_fy_2025-26\"><\/span>Major Changes in ITR-2 for FY 2025-26<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>This year, the government has come up with certain changes in ITR-2 for better accuracy and compliance. Below are the updates:<\/p>\n\n\n\n<ol>\n<li>Taxpayers must now report capital gains separately based on whether the asset was transferred before or after 23rd July 2024.<\/li>\n\n\n\n<li>From 1st October 2024, taxpayers can claim capital losses on share buybacks only if the related dividend income is reported under &#8220;Income from Other Sources.&#8221; There is an addition of a new field in the Capital Gains schedule to record these losses.<\/li>\n\n\n\n<li>You have to report detailed asset\/income information only if your total income is more than INR 1 crore. Earlier, the requirement was INR 50 lakh.<\/li>\n\n\n\n<li>Taxpayers must now provide specific details of deductions under Sections 80C, HRA (10(13A)), etc., instead of lump sum entries.<\/li>\n\n\n\n<li>You must mention under which TDS section tax was deducted to allow better matching and reconciliation.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-final-thoughts\"><span class=\"ez-toc-section\" id=\"final_thoughts\"><\/span>Final Thoughts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>So, what is ITR-2? It is the perfect form for individuals and HUFs without any business income but other complex income sources.<\/p>\n\n\n\n<p>Here\u2019s a short summary:<\/p>\n\n\n\n<ul>\n<li>Choose the form ITR-2 if your income is from capital gains, rent from multiple properties, foreign assets, or if your income is more than INR 50 lakh.<\/li>\n\n\n\n<li>Do not use ITR-2 if you earn from a business.<\/li>\n\n\n\n<li>The due date for filing ITR-2 is 15 September 2025.<\/li>\n\n\n\n<li>Be up to date with the new changes in ITR by the government.<\/li>\n<\/ul>\n\n\n\n<p>Filing ITR-2 on time will help you maintain good financial records and get loans in the future if required.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As one size doesn\u2019t fit all, the same goes for ITR forms. There are multiple ITR forms that are made for different taxpayers. Some taxpayers earn money only from salaries, some have other sources like property, capital gains, or investments outside India. ITR-2 is one of the multiple types of ITR forms; each one has [&hellip;]<\/p>\n","protected":false},"author":214,"featured_media":59043,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7523],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v22.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is ITR-2? Here\u2019s Everything You Need to Know<\/title>\n<meta name=\"description\" content=\"Wondering what is ITR-2? It is for individuals and HUFs with income from salary, capital gains, or other sources, excluding business income.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/posts\/59039\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Is ITR-2? Here\u2019s Everything You Need to Know\" \/>\n<meta property=\"og:description\" content=\"Wondering what is ITR-2? It is for individuals and HUFs with income from salary, capital gains, or other sources, excluding business income.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/posts\/59039\" \/>\n<meta property=\"og:site_name\" content=\"Techjockey.com Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Techjockey\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-05T13:05:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-18T11:59:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.techjockey.com\/blog\/wp-content\/uploads\/2025\/09\/05181456\/What-is-ITR-2-Featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"419\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mehlika Bathla\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TechJockeys\" \/>\n<meta name=\"twitter:site\" content=\"@TechJockeys\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mehlika Bathla\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What Is ITR-2? Here\u2019s Everything You Need to Know","description":"Wondering what is ITR-2? It is for individuals and HUFs with income from salary, capital gains, or other sources, excluding business income.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/posts\/59039","og_locale":"en_US","og_type":"article","og_title":"What Is ITR-2? Here\u2019s Everything You Need to Know","og_description":"Wondering what is ITR-2? It is for individuals and HUFs with income from salary, capital gains, or other sources, excluding business income.","og_url":"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/posts\/59039","og_site_name":"Techjockey.com Blog","article_publisher":"https:\/\/www.facebook.com\/Techjockey\/","article_published_time":"2025-09-05T13:05:16+00:00","article_modified_time":"2025-09-18T11:59:44+00:00","og_image":[{"width":800,"height":419,"url":"https:\/\/cdn.techjockey.com\/blog\/wp-content\/uploads\/2025\/09\/05181456\/What-is-ITR-2-Featured.jpg","type":"image\/jpeg"}],"author":"Mehlika Bathla","twitter_card":"summary_large_image","twitter_creator":"@TechJockeys","twitter_site":"@TechJockeys","twitter_misc":{"Written by":"Mehlika Bathla","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.techjockey.com\/blog\/what-is-itr-2-everything-you-need-to-know#article","isPartOf":{"@id":"https:\/\/www.techjockey.com\/blog\/what-is-itr-2-everything-you-need-to-know"},"author":{"name":"Mehlika Bathla","@id":"https:\/\/www.techjockey.com\/blog\/#\/schema\/person\/1881fce242347f9140121fec5114dcc8"},"headline":"What Is ITR-2? Here\u2019s Everything You Need to Know","datePublished":"2025-09-05T13:05:16+00:00","dateModified":"2025-09-18T11:59:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.techjockey.com\/blog\/what-is-itr-2-everything-you-need-to-know"},"wordCount":909,"publisher":{"@id":"https:\/\/www.techjockey.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.techjockey.com\/blog\/what-is-itr-2-everything-you-need-to-know#primaryimage"},"thumbnailUrl":"https:\/\/cdn.techjockey.com\/blog\/wp-content\/uploads\/2025\/09\/05181456\/What-is-ITR-2-Featured.jpg","articleSection":["Income Tax Software"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.techjockey.com\/blog\/what-is-itr-2-everything-you-need-to-know","url":"https:\/\/www.techjockey.com\/blog\/what-is-itr-2-everything-you-need-to-know","name":"What Is ITR-2? Here\u2019s Everything You Need to Know","isPartOf":{"@id":"https:\/\/www.techjockey.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.techjockey.com\/blog\/what-is-itr-2-everything-you-need-to-know#primaryimage"},"image":{"@id":"https:\/\/www.techjockey.com\/blog\/what-is-itr-2-everything-you-need-to-know#primaryimage"},"thumbnailUrl":"https:\/\/cdn.techjockey.com\/blog\/wp-content\/uploads\/2025\/09\/05181456\/What-is-ITR-2-Featured.jpg","datePublished":"2025-09-05T13:05:16+00:00","dateModified":"2025-09-18T11:59:44+00:00","description":"Wondering what is ITR-2? It is for individuals and HUFs with income from salary, capital gains, or other sources, excluding business income.","breadcrumb":{"@id":"https:\/\/www.techjockey.com\/blog\/what-is-itr-2-everything-you-need-to-know#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.techjockey.com\/blog\/what-is-itr-2-everything-you-need-to-know"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.techjockey.com\/blog\/what-is-itr-2-everything-you-need-to-know#primaryimage","url":"https:\/\/cdn.techjockey.com\/blog\/wp-content\/uploads\/2025\/09\/05181456\/What-is-ITR-2-Featured.jpg","contentUrl":"https:\/\/cdn.techjockey.com\/blog\/wp-content\/uploads\/2025\/09\/05181456\/What-is-ITR-2-Featured.jpg","width":800,"height":419,"caption":"Illustration showing a tax form with money, a pen, and a calculator. The text reads 'ITR-2: Who Can File It and Who Cannot?"},{"@type":"BreadcrumbList","@id":"https:\/\/www.techjockey.com\/blog\/what-is-itr-2-everything-you-need-to-know#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.techjockey.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Income Tax Software","item":"https:\/\/www.techjockey.com\/blog\/category\/income-tax-software"},{"@type":"ListItem","position":3,"name":"What Is ITR-2? Here\u2019s Everything You Need to Know"}]},{"@type":"WebSite","@id":"https:\/\/www.techjockey.com\/blog\/#website","url":"https:\/\/www.techjockey.com\/blog\/","name":"Techjockey.com Blog","description":"","publisher":{"@id":"https:\/\/www.techjockey.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.techjockey.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.techjockey.com\/blog\/#organization","name":"Techjockey Infotech Private Limited","url":"https:\/\/www.techjockey.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.techjockey.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/cdn.techjockey.com\/blog\/wp-content\/uploads\/2019\/12\/logo.png","contentUrl":"https:\/\/cdn.techjockey.com\/blog\/wp-content\/uploads\/2019\/12\/logo.png","width":72,"height":72,"caption":"Techjockey Infotech Private Limited"},"image":{"@id":"https:\/\/www.techjockey.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Techjockey\/","https:\/\/twitter.com\/TechJockeys","https:\/\/www.linkedin.com\/company\/techjockey","https:\/\/www.youtube.com\/@techjockeydotcom"]},{"@type":"Person","@id":"https:\/\/www.techjockey.com\/blog\/#\/schema\/person\/1881fce242347f9140121fec5114dcc8","name":"Mehlika Bathla","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.techjockey.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0b4ccf9c0ec576de1b4b6b1d424bf97e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0b4ccf9c0ec576de1b4b6b1d424bf97e?s=96&d=mm&r=g","caption":"Mehlika Bathla"},"description":"Mehlika Bathla is a passionate content writer who turns complex tech ideas into simple words. For over 4 years in the tech industry, she has crafted helpful content like technical documentation, user guides, UX content, website content, social media copies, and SEO-driven blogs. She is highly skilled in SaaS product marketing and end-to-end content creation within the software development lifecycle. Beyond technical writing, Mehlika dives into writing about fun topics like gaming, travel, food, and entertainment. She's passionate about making information accessible and easy to grasp. Whether it's a quick blog post or a detailed guide, Mehlika aims for clarity and quality in everything she creates.","sameAs":["https:\/\/www.linkedin.com\/in\/mehlika-bathla05\/"],"jobTitle":"Content Writer","url":"https:\/\/www.techjockey.com\/blog\/author\/mehlika"}]}},"_links":{"self":[{"href":"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/posts\/59039"}],"collection":[{"href":"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/users\/214"}],"replies":[{"embeddable":true,"href":"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/comments?post=59039"}],"version-history":[{"count":9,"href":"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/posts\/59039\/revisions"}],"predecessor-version":[{"id":59716,"href":"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/posts\/59039\/revisions\/59716"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/media\/59043"}],"wp:attachment":[{"href":"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/media?parent=59039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/categories?post=59039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/tags?post=59039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}