Itr 2 Form In Nagaland

The taxpayers are categorized based on the income, source of income, and many other factors to ensure that the compliances are easy. ITR 2 return filing in Nagaland us for the individuals and the Hindu Undivided Families that are not carrying any profession or business. Persons earning income from the following sources are eligible to file ITR 2 return filing in Nagaland.

  • Income from Salary or Pension
  • Income from House property (income can be from more than one house property)
  • Income from capital gains or loss on sale of the investments or property (Both short term and long term)
  • Income from other sources (including winning lottery, bets on horses, and other legal means of gambling)
  • Foreign Assets or Foreign Income
  • Agricultural income of more than Rs.5000
  • A resident who is not an ordinary resident and a Non-resident.
  • A Director of a company and an individual who has invested in unlisted equity shares of a company is also required to file their ITR 2 return filing in Nagaland.

Who cannot file ITR 2 in Nagaland?

  • Any Individual or Hindu Undivided Family that has income from business or profession
  • An individual who is eligible to fill out the ITR 1 Form.

How to File ITR 2 Form in Nagaland?

ITR 2 return filing in Nagaland is done both online and offline as well. Offline ITR 2 Form filing in Nagaland can be done by individuals who are of the age of 80 years or more.

Offline ITR 2 return filing in Nagaland can be done by:

Furnishing a return in a physical paper form

Furnishing a bar-coded return.

An acknowledgment is issued by the Income Tax Department at the time of submitting the physical paper return.

Online ITR 2 Filing in Nagaland can be done by:

Furnishing a return electronically using the Digital Signature Certificate.

Transmitting the data electronically and then submitting the verification of the return in the Form ITR V.

When ITR 2 Form is signed electronically using the Digital Signature Certificate then an acknowledgment is sent to your registered email id.

As ITR 2 Return Filing in Nagaland is annexure less, there is no need to add any documents or attachments. But it is always better to keep the documents handy so that they can be produced as and when needed.

To file ITR 2 return filing in Nagaland talk to our tax experts today.

Itr 2 Form In Nagaland FAQ's

ITR 2 Form in Nagaland is filed by all the individuals and HUFs who cannot file the ITR 1 Form because of the following reasons:
  • Income exceeds Rs. 50 lakh
  • Has foreign assets or income
  • Has an agricultural income of more than Rs. 5000
  • Has taxable capital gains
  • Ha income from business or profession as a partner
  • Has more than one house property.

ASenior citizens above 80 years of age can file offline ITR 2 forms in Nagaland.

ITR 2 Form in Nagaland can be furnished electronically using the digital signature and also by transmitting the data electronically and then by submitting the verification of these returns in Form ITR V.

ITR 2 form in Nagaland cannot be filed by an individual or HUF that has income from business or profession or individuals who are eligible to file Form ITR 1.

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