How to file ITR 2 | Income tax return for capital gains
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Do you find TAXES confusing and overwhelming?
Are you a salaried employee looking to gain a clear understanding of taxation to manage your finances better?
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With a strong background and experience in diverse areas of Finance, Sandeep holds a CA, CS and MBA degrees He is an entrepreneur and a passionate digital content creator. He has been known to captivate his audience with his creative and unique approach. With his skill set and passion for creating content, Sandeep is poised to make a significant impact in the field of Finance and continue to inspire others to do the same. #finance #knowledge #taxation #investment #stockmarket #currentaffairs @CAsandeepkumar @CARachanaRanade @CAGuruJi
#itr2 #incometaxreturn
*How to File ITR-2 for AY 2021-22: A Step-by-Step Guide*
Welcome to our comprehensive guide on filing ITR-2 for the Assessment Year 2021-22. In this video, we will walk you through the entire process, making it easy and hassle-free for you to file your Income Tax Return (ITR) accurately and efficiently.
*Who is Eligible to File ITR-2 for AY 2021-22?*
ITR-2 can be filed by individuals or Hindu Undivided Families (HUFs) who:
- Are not eligible to file ITR-1 (Sahaj)
- Do not have income from profit and gains of business or profession, nor any income in the nature of:
- Interest
- Salary
- Bonus
- Commission or remuneration, by whatever name called, due to or received from a partnership firm
- Have the income of another person like spouse, minor child, etc., to be clubbed with their income, provided the income to be clubbed falls in the above categories.
*Who is Not Eligible to File ITR-2 for AY 2021-22?*
ITR-2 cannot be filed by any individual or HUF whose total income for the year includes income from profit and gains from business or profession, and also who has income in the nature of:
- Interest
- Salary
- Bonus
- Commission or remuneration, by whatever name called, due to or received from a partnership firm.
*What are the Changes in ITR-2 as Compared to Previous Years?*
In ITR-2 for AY 2021-22, you can choose to opt for the new tax regime under section 115BAC. Please note that the option for selecting the new tax regime under section 115BAC will be available only till the due date of filing the return under section 139(1).
*Who is Eligible to File ITR-1 for AY 2024-25?*
ITR-1 can be filed by a Resident Individual whose:
- Total income does not exceed ₹50 lakh during the Financial Year.
- Income is from salary, one house property, family pension income, agricultural income (up to ₹5000), and other sources, which include:
- Interest from Savings Accounts
- Interest from Deposits (Bank / Post Office / Cooperative Society)
- Interest from Income Tax Refund
- Interest received on Enhanced Compensation
- Any other Interest Income
- Family Pension
- Income of Spouse (other than those covered under Portuguese Civil Code) or Minor is clubbed, provided the source of income is within the specified limits as mentioned above.
*Who is Not Eligible to File ITR-1 for AY 2024-25?*
ITR-1 cannot be filed by any individual who:
- Is a Resident Not Ordinarily Resident (RNOR) and Non-Resident Indian (NRI).
- Has total income exceeding ₹50 lakh.
- Has agricultural income exceeding ₹5000.
- Has income from lottery, racehorses, legal gambling, etc.
- Has taxable capital gains (short term and long term).
- Has invested in unlisted equity shares.
- Has income from business or profession.
- Is a Director in a company.
- Has tax deduction under section 194N of the Income Tax Act.
- Has deferred income tax on ESOP received from employer being an eligible start-up.
- Owns and has income from more than one house property.
- Is not covered under the eligibility conditions for ITR-1.
Follow along with this video to understand each step in detail, ensuring that you file your ITR-2 correctly. Don't forget to like, subscribe, and share this video with others who might benefit from this information. If you have any questions, feel free to drop them in the comments below!
Use coupon code sandeep10 for additional Discount of 10% for my subscribers
Whatsapp: 8307715960
Do you find TAXES confusing and overwhelming?
Are you a salaried employee looking to gain a clear understanding of taxation to manage your finances better?
Link to the Course: https://sandeepkumar0034.graphy.com/c...
Find us here
✔️ Instagram - / finance_unbox
✔️ Facebook - / unboxfinance
✔️ Twitter - / @sandy110malik
About CA Sandeep Kumar
With a strong background and experience in diverse areas of Finance, Sandeep holds a CA, CS and MBA degrees He is an entrepreneur and a passionate digital content creator. He has been known to captivate his audience with his creative and unique approach. With his skill set and passion for creating content, Sandeep is poised to make a significant impact in the field of Finance and continue to inspire others to do the same. #finance #knowledge #taxation #investment #stockmarket #currentaffairs @CAsandeepkumar @CARachanaRanade @CAGuruJi
#itr2 #incometaxreturn
*How to File ITR-2 for AY 2021-22: A Step-by-Step Guide*
Welcome to our comprehensive guide on filing ITR-2 for the Assessment Year 2021-22. In this video, we will walk you through the entire process, making it easy and hassle-free for you to file your Income Tax Return (ITR) accurately and efficiently.
*Who is Eligible to File ITR-2 for AY 2021-22?*
ITR-2 can be filed by individuals or Hindu Undivided Families (HUFs) who:
- Are not eligible to file ITR-1 (Sahaj)
- Do not have income from profit and gains of business or profession, nor any income in the nature of:
- Interest
- Salary
- Bonus
- Commission or remuneration, by whatever name called, due to or received from a partnership firm
- Have the income of another person like spouse, minor child, etc., to be clubbed with their income, provided the income to be clubbed falls in the above categories.
*Who is Not Eligible to File ITR-2 for AY 2021-22?*
ITR-2 cannot be filed by any individual or HUF whose total income for the year includes income from profit and gains from business or profession, and also who has income in the nature of:
- Interest
- Salary
- Bonus
- Commission or remuneration, by whatever name called, due to or received from a partnership firm.
*What are the Changes in ITR-2 as Compared to Previous Years?*
In ITR-2 for AY 2021-22, you can choose to opt for the new tax regime under section 115BAC. Please note that the option for selecting the new tax regime under section 115BAC will be available only till the due date of filing the return under section 139(1).
*Who is Eligible to File ITR-1 for AY 2024-25?*
ITR-1 can be filed by a Resident Individual whose:
- Total income does not exceed ₹50 lakh during the Financial Year.
- Income is from salary, one house property, family pension income, agricultural income (up to ₹5000), and other sources, which include:
- Interest from Savings Accounts
- Interest from Deposits (Bank / Post Office / Cooperative Society)
- Interest from Income Tax Refund
- Interest received on Enhanced Compensation
- Any other Interest Income
- Family Pension
- Income of Spouse (other than those covered under Portuguese Civil Code) or Minor is clubbed, provided the source of income is within the specified limits as mentioned above.
*Who is Not Eligible to File ITR-1 for AY 2024-25?*
ITR-1 cannot be filed by any individual who:
- Is a Resident Not Ordinarily Resident (RNOR) and Non-Resident Indian (NRI).
- Has total income exceeding ₹50 lakh.
- Has agricultural income exceeding ₹5000.
- Has income from lottery, racehorses, legal gambling, etc.
- Has taxable capital gains (short term and long term).
- Has invested in unlisted equity shares.
- Has income from business or profession.
- Is a Director in a company.
- Has tax deduction under section 194N of the Income Tax Act.
- Has deferred income tax on ESOP received from employer being an eligible start-up.
- Owns and has income from more than one house property.
- Is not covered under the eligibility conditions for ITR-1.
Follow along with this video to understand each step in detail, ensuring that you file your ITR-2 correctly. Don't forget to like, subscribe, and share this video with others who might benefit from this information. If you have any questions, feel free to drop them in the comments below!
2 ماه پیش
در تاریخ 1403/04/10 منتشر شده
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