ITR-2A Form

The ITR-2A return form has been discontinued from FY 2016-17 (AY 2017-18). If you’ve e-filed an ITR-2A for FY 2015-16, then you must file an ITR-2 now. Learn more about ITR-2 return form.

In this article, we will understand about the ITR-2A form in detail.

What is the ITR-2A Form?

ITR-2A is a newly-introduced income tax return form meant for individuals and HUFs who have salary income and own more than one house property and do not have income from capital gains.

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Wondering which ITR to file?

Refer to this page to read about the different ITR Forms.

But you don’t even have to read this guide. Cleartax automatically selects your ITR form. Upload your Form 16 and get started.

Upload your Form-16 to E-File ITR

Who is eligible to file using the ITR-2A Form?

Assesses who are eligible to file using the ITR-2A Form are:

• This form is applicable for those who have salary income and own more than one house property and DO NOT have any capital gains.
• Those who have long-term capital gains from transactions on which Securities Transaction Tax is paid (which are exempt) from tax can still use this form.
• NRIs can file ITR-2A, if applicable, however residents who have a foreign asset or foreign income CANNOT file this form.

Those who have long-term capital gains from transactions on which Securities Transaction Tax is paid (which are exempt) from tax can still use this form.
Not sure which ITR form you need to use? Read our guide for help.

Have income from capital gains or income from business and profession?

You may have to file ITR-2 or ITR-4. But don’t worry, our software automatically picks the right ITR form for you automatically.

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Who cannot file on ITR-2A?

This income tax return ITR -2A CANNOT be filed by those who have:

• Income from Capital Gains
• Income from Business or Profession
• Any claim of relief/deduction under section 90, 90A or 91
• Any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India
• Any resident having income from any source outside India.

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What is the structure of the ITR-2A Form?

ITR-2A is divided into two parts and several schedules:

• Part-A: General information requiring identificatory and other data
• Part-B-TI: Computation of total income
• Part B-TTI: Computation of tax liability on total income
• Tax Payments: Statement of payment of advance-tax and tax on self-assessment, TDS on Salaries and TDS on non-Salary income
• Schedule-S: Computation of income under the head Salaries
• Schedule-HP: Computation of income under the head Income from House Property
• Schedule-OS: Computation of income under the head Income from other sources.
• Schedule-CYLA: Statement of income after set off of current year’s losses
• Schedule-BFLA: Statement of income after set off of unabsorbed loss brought forward from earlier years.
• Schedule- CFL: Statement of losses to be carried forward to future years.
• Schedule-VIA: Statement of deductions (from total income) under Chapter VIA.
• Schedule 80G: Statement of donations entitled for deduction under section 80G
• Schedule SPI: Statement of income arising to spouse/ minor child/ son’s wife or any other person or association of persons to be included in the income of assessee in Schedules-HP, CG and OS.
• Schedule-SI: Statement of income which is chargeable to tax at special rates
• Schedule-EI: Statement of Income not included in total income (exempt incomes)
• Schedule-5A: Statement of apportionment of income between spouses governed by Portuguese Civil Code.

How to file ITR-2A Form?

ITR-2A can be filed both on paper and online. It is compulsory to e-file income tax return when:

• your total gross income exceeds Rs.5 lakhs
• you are seeking a refund
• you have foreign assets and income (including financial interest in an entity)
• you are seeking DTAA relief

Documents you will need for ITR -2A

• Form 16: It is a TDS certificate allotted to you by your company to give details of the payroll paid to you and the TDS taken on it, if any.
• Interest certificate from the post office and bank.
• Form-16B/Form-16A/Form-16C
• Form 26AS: It is your combined annual tax report. It is like your tax passbook, which has notice of all the taxes placed upon your PAN. It comprises:
  • a. TDS deducted by banks
  • b. You transfer advance taxes during the financial year.
  • c. TDS deducted by your firm.
  • d. Self-assessment taxes paid by you.
  • e., any other companies deduct TDS from payments given to you.
• Tax-saving advance proofs
  • a. Documentary evidence to claim deductions under section 80D to 80U
  • b. Home loan report from a bank or NBFC
  • c. Pre-validation of bank statement for ECS payment
• Capital gains
• Aadhaar card
• Get details of investment in confidential shares
• Get bank account details
• Update post office and bank savings account passbook, PPF account passbook
• Salary slips

FAQs

Can the ITR 2 form be filed online?

Taxpayers eligible to file ITR Form 2 can complete the process online through the e-filing portal of the Income Tax Department. Filing the ITR can be done electronically using a digital signature, but it is not mandatory to file ITR Form 2 online solely with digital signatures.

Which ITR form is filed for capital gains?

If you have earned capital gains during the year or have income from more than one house property, you should file ITR-2. Additionally, if you have income from a business or profession, you should file ITR-3. These forms are specifically designed to accommodate these types of income and ensure accurate reporting.

Is the balance sheet mandatory for ITR 2?

Individuals and Hindu Undivided Families (HUFs) engaged in business or profession must file their assets and liabilities by providing a balance sheet. Such taxpayers falling under the category of ITR-2, and having income exceeding Rs 50 lakh, are required to disclose their assets and liabilities by filing Schedule AL (Asset and Liability) along with their tax return. This allows for comprehensive reporting of financial information and ensures compliance with tax regulations.