ITR-2 is applicable for individuals and HUFs not having business income. ITR-2 is applicable for taxpayers with total income exceeding Rs. 50 lakhs, having capital gains income, having foreign income or foreign assets, NRIs, and more than one house property.
Key Highlights
- ITR-2 online utility was released on 18th July 2025, and the due date is 15th September 2025.
- Individuals, NRIs, and HUFs with capital gains income, foreign assets, foreign income, or total income above Rs. 50 lakh must file ITR-2.
ITR-2 is an Income Tax Return form used by individuals and Hindu Undivided Families (HUFs) who do not have income from business or profession. This form is generally applicable to taxpayers earning income from:
It is ideal for those who do not qualify for simpler forms like ITR-1 (Sahaj) but still need to report non-business income in detail.
To file your ITR-2 on ClearTax, follow the below mentioned steps:
Step 1: Log in or sign up on the ClearTax portal.
Step 2: Link your PAN by entering your PAN, Date of Birth, and the OTP received on your registered mobile number.
Step 3: Complete OTP verification to pre-fill your data from the Income Tax Portal.
Step 4: Upload your Form-16. You can fill in the data manually by selecting “Continue to e-file”.
Step 5: Review all the details entered under “Personal Information” and move to “Income Sources”.
Step 6: If you skipped uploading Form 16 earlier, you can upload it here and fill up the salary details in seconds!
Step 7: If you have sold assets like stocks, mutual funds, Gold, bonds, shares received as a part of ESOP or RSU scheme, land or building, then the profit/loss from such transactions.
Step 8: First, is stocks and mutual funds. You will have to obtain a report from your broker and identify the list of sell transactions and the corresponding buy transactions from this report.
Step 9: All you have to do is select your stockbroker from the list and log in to your investment account and your capital gains are computed in just seconds.
Step 10: If you have done any intraday transactions, we will automatically add them under the business income section as they do not qualify as capital gains.
Step 11: And in case you do not find your broker here (which is in the rarest of rare cases), you can download the excel template given here and fill in all these details and upload the filled template here.
Step 12: If you have mutual funds, you should upload CAMS or Karvy P&L report by clicking on their respective icons here. You can also click on the "Mutual funds" tab.
Step 13: If you have invested in foreign stocks, then what? Then there is a separate section here. Like shown for stocks, you can either directly import the details from your broker. We support transactions from players like INDMoney, Vested etc. Even if your broker is not mentioned here, you can use our excel template to report all the transactions in a single go.
Step 14: Likewise, you can add details for all the other assets like Bonds, gold, land and building.
Step 15: One common error people make while filing ITR is they miss adding income from dividends, savings bank and FD interest. You can add them in the other income sources section. Again, if your broker's P&L statement or your 26AS has it, we will populate it. Otherwise, you can provide the details manually.
Step 16: Now let’s move to the Tax Savings tab- if you have made declarations to your employer, all such details will be auto-filled here. You can also enter the details manually and claim all the deductions here.
Step 17: If you had carried forward losses from last year, you can add them here and offset them with the gains.
Step 18: If you scroll down, you will find the ‘tax-paid’ section. All the details of TDS and advance tax that you’ve paid will appear here. You can also add these details by uploading Form 26AS.
Step 19: Based on all the details you’ve added, we have auto-selected the ITR Form for you. Also, the best part about filing with us is that we auto-suggest the best tax regime for you that saves you the maximum taxes.
Step 20: Click on file now, make payment, e-verify your return and be done with taxes this year!
Here is a video to help you file taxes on ClearTax easily!
Step 1: Visit the Income Tax e-Filing Portal and log in using your PAN as the User ID and your password.
Step 2: After logging in, go to the e-File menu and select “Income Tax Return” from the drop-down. Choose the relevant Assessment Year and select the Online mode of filing.
Step 3: Click “Start New Filing” and select your applicable taxpayer status (Individual, HUF, etc.).
Step 4: Select the appropriate ITR Form (e.g., ITR-2, if applicable to you).
Step 5: Click “Let’s Get Started” and select the reason for filing your return.
Step 6: Choose the schedules applicable as per your sources of income.
Step 7: Begin with General Information, verify the pre-filled data, and select the tax regime (Old or New) applicable to you.
Step 8: Fill in all the relevant schedules according to your income details, then click “Proceed to Verification”.
Step 9: Review your return for errors, correct them if necessary, pay any self-assessment tax due, and submit your ITR.
ITR-2 form is for individuals and HUF receiving income other than income from ‘Profits and Gains from Business or Profession’. Thus, individuals with income from the following sources are eligible to file Form ITR-2:
The total income from the above sources may exceed Rs 50 lakh.
Further, if you are a Director of any company and an individual who has invested in unlisted equity shares of a company, you must file returns in ITR-2.
Note - Taxpayers eligible to file ITR-1 can also file ITR-2. However, it is advisable to file using ITR-1 as long as they meet the eligibility criteria.
The key changes made in form ITR-2 for FY 2024-25 (AY 2025-26) are listed below:
ITR-2 is divided into:
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