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To guarantee easy compliance, the ITD has classified taxpayers based on their income, source of income, and a variety of other variables. As a result, taxpayers with income from various categories must download and fill out several Income Tax Return forms. The ITR 2 Form, for example, is for individuals and HUFs who do not have a profession or a business. The following topics are covered in this article. How to file Income Tax Return ITR 2 Form Filing in Bengaluru.

Individuals and Hindu Undivided Families with income from salary or pensions, house property, capital gains, income from foreign assets, business or income from a profession as a partner, and other sources such as lottery racehorses, legal gambling, and other sources can also file their ITR 2 in Bangalore. In Bengaluru, an individual who is not eligible to submit ITR 1 because his or her income exceeds Rs 50 lakh can file ITR 2.

In Bengaluru, ITR 2 filing is divided into two categories:

General Information (Part A)

• Schedule S: Details of salary earnings
• HP Schedule: Income from the House Property
• Schedule CG: Income Calculation for Capital Gains
• Computation of income under Income from other sources (Schedule OS)
• Schedule CYLA: Income statement after losses from the current year have been deducted.
• Statement of income after set-off of unabsorbed loss carried forward from previous years (Schedule BFLA).
• Schedule CFL: Loss statement to be carried over to subsequent years
• Schedule VIA: Statement of Chapter VIA deductions (from total income)
• Schedule 80G: A list of donations that are eligible for a deduction under section 80G.
• Statement of donations for scientific research or rural development (Schedule 80GGA)
• Schedule AMT: Calculation of the Section 115JC Alternate Minimum Tax
• Computation of the tax credit under section 115JD on Schedule AMTC
• Schedule SPI: Statement of income originating from the assessee’s spouse, minor child, son’s wife, or any other person or group of individuals to be included in the assessee’s income in Schedules HP, CG, and OS.
• Schedule SI: Statement of income subject to special rates of taxation.
• Details of Exempt Income (Schedule EI)
• Schedule PTI: Details of pass-through income from a business trust or investment fund as required by Sections 115UA and 115UB of the Income Tax Act. Schedule FSI: Statement of income accruing or arising outside India.
• Taxes Paid Outside of India (Schedule TR)
• Foreign Assets and Income from Any Source Outside India (Schedule FA): Details of Foreign Assets and Income from Any Source Outside India (Schedule FA)
• Schedule 5A: Statement of income allocation between spouses under the Portuguese Civil Code
• Assets and liabilities at the end of the year (Schedule AL) (applicable in case the total income exceeds Rs 50 lakhs)
• Schedule DI: Schedule of tax-saving investments, deposits, or payments for which a deduction or exemption can be claimed in the extended period from April 1 to June 30, 2020.
• Part B-TI: Calculation of Total Income Part B-TTI: Calculation of Total Income Tax Liability
• If the return was completed by a Tax Return Preparer, fill in the following information.

Both Indian nationals and non-resident Indians can utilise the ITR 2 Form in Bangalore to file their tax returns with the IT department. In Bangalore, taxpayers who are unable to file ITR 1 can file ITR 2.

FAQ

When does the ITR 2 form have to be filed in Bengaluru?

Individuals and HUFs must file ITR 2 Forms in Bengaluru on or before July 31st of each year.

Is it feasible to submit the ITR 2 form in Bengaluru by mail?

Both offline and online ITR 2 forms are available in Bangalore. The client can either upload the XML or log into the income tax portal directly in online mode.

Who is submitting ITR 2?

Individuals and HUFs who receive income other than “Profits and Gains from Business or Profession” should use ITR Form 2. As a result, individuals who earn money from the following sources are eligible to file Form ITR 2: Salary and pension income House Property Rental Income (Income Can be from more than one house property)

How can I get the ITR 2 form?

• Click “Offline Utilities” under the Download menu.
• Select “Income Tax Return Preparation Utilities” from the drop-down menu.
• Choose a year for your assessment.
• To fill out the details by hand in the ITR 2 column, go to “Excel Utility” and download the file.
• Fill in the details in the downloaded file. How to file Income Tax Return ITR 2 Form Filing in Bengaluru.