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Simple packages. Transparent pricing.

Registration fees are charged at cost. Upgrade or add services anytime.

Assisted Tax Filing

Our experienced accountants manage your end-to-end ITR filing from document review and form identification to tax computation and submission

₹2,899
+ GST

What's included:

  • Document collection & review
  • ITR form identification
  • Income computation
  • Standard deduction & basic deductions (80C,80D,80TTA)
  • Tax liability computation & payable/refund summary
  • ITR preparation & filing
  • ITR acknowledgement copy
Popular

CA Assisted Tax Filing

A qualified Chartered Accountant personally handles your tax return from document review and computation to filing.

₹12,899
+ GST

What's included:

  • Dedicated CA assigned to your return
  • Income from all heads (capital gains,business & profession,foreign income)
  • Capital gains computation — equity,mutual funds,debt,property
  • HRA,LTA,perquisites & Form 16 reconciliation
  • Tax optimisation,deductions,exemptions & regime selection (Old vs New)
  • Advance tax review & shortfall advisory
  • Form 26AS / AIS / TIS reconciliation
  • Priority CA support (chat/call)
  • Included all deliverables in Assisted Tax Filing

CA Managed Tax Compliance

A dedicated Chartered Accountant manages your complete compliance lifecycle-annual tax planning, advance tax, TDS reconciliation, notice handling, and year-round availability

₹19,899
+ GST

What's included:

  • Dedicated CA assigned to your return
  • Annual tax planning session with your CA
  • Advance tax computation & reminders (all 4 quarters)
  • Form 16 / Form 16A / TDS reconciliation
  • DTAA & foreign asset reporting (Schedule FA / FSI)
  • Income Tax Notice handling & response drafting
  • Rectification filing (Section 154)
  • Refund follow-up & status tracking
  • Year-round CA availability (phone & email)
  • Compliance calendar with reminders
  • Included all deliverables in CA Assisted Tax Filing

ITR-2 Return Filing in Kerala

If you are a resident of Kerala and need to navigate the complexities of ITR-2 Return Filing, you are in the right place. This guide will simplify the process of filing your Income Tax Returns, ensuring you meet all necessary obligations with ease. Understanding the ITR-2 form is crucial for individuals and Hindu Undivided Families (HUFs) who earn income other than from business or professional activities. With IndiaFilings, the journey of filing your returns becomes seamless, as our expert team guides you through every step, offering local insights suited for Kerala. Start your journey with a worry-free approach by accessing our comprehensive services at this link.

What is ITR-2 Return and Why is it Important in Kerala?

The Income Tax Return, commonly referred to as ITR, is a form used to report your income and applicable taxes to the income tax department. The ITR-2 form, specifically, is designed for individuals and HUFs who earn income other than from professional or business activities. This includes income sources such as salary, house property, capital gains, and others. In Kerala, understanding the nuances of ITR-2 is essential for maintaining compliance with tax regulations and ensuring accurate reporting of your finances. The process might seem complex, but with professional assistance from our team at IndiaFilings, completing your ITR-2 Return Filing becomes a smooth experience.

Who is Eligible for ITR-2 Filing in Kerala?

Filing ITR-2 in Kerala is essential for individuals and Hindu Undivided Families whose income originates from non-business sources. Understanding eligibility is the first step towards filing your returns correctly. Here is a detailed list of income sources that necessitate the ITR-2 form:

  • Income from salary or pension received in Kerala.
  • Rental income from house property within Kerala, including multiple properties.
  • Capital gains from the sale of assets, be they short-term or long-term, located in Kerala.
  • Income from other sources, such as winnings from local lotteries or legal betting.
  • Receipts exceeding Rs 5,000 from agricultural activities within Kerala.
  • Foreign income or foreign-owned assets applicable to Kerala residents.
  • Status as a Resident Not Ordinarily Resident (RNOR) or a Non-Resident for tax purposes.
  • Director positions in companies based in Kerala or elsewhere.

What are the Required Documents for ITR-2 Filing Form in Kerala?

When preparing to file your ITR-2 form in Kerala, having the correct documents ready is crucial. Although the ITR-2 Form is annexure-less, ensuring you have all necessary information at hand will facilitate a smoother filing process. Here is what you should gather:

  • Form 16/16A for salary and TDS details applicable within Kerala.
  • Form 26AS/AIS/TIS for tax credits, TDS, and other tax-related data.
  • Bank statements reflecting interest and dividend income.
  • Transaction documents related to capital gains from property or stock sales.
  • Documentation of foreign assets and income for relevant Kerala residents.
  • Valid identification such as Aadhaar Card and PAN Card for individuals in Kerala.
  • Contact information needed for correspondence during the filing process.

How to Complete the ITR-2 Form in Kerala?

Filing your ITR-2 form accurately is essential for tax compliance in Kerala. Understanding the structure of the form will allow you to complete it efficiently. Here are step-by-step instructions for completing your ITR-2 filing:

  • Begin with Part A, providing your personal details such as Name and Address.
  • Move to Part B, which involves computing your total income and tax liability.
  • Fill the schedules related to your earnings and deductions.
  • If any schedules are not relevant to you, mark them as 'NA'.
  • Figures should be rounded off to the nearest rupee, or ten rupees in specific cases.
  • Select 'Government' for employer category if applicable to your status.
  • Avoid using the ITR-2 Form if claiming double taxation relief under sections 90/90A/91.

Wondering about filing previously unfiled returns? IndiaFilings can assist with conditions specific to past filings ITR-1 Filing.

Why Should You Choose IndiaFilings for ITR-2 in Kerala?

Selecting the right service provider for your ITR-2 filing ensures compliance and peace of mind. Here’s why IndiaFilings is the preferred choice for many in Kerala:

  • Expertise: Our knowledgeable professionals understand the intricacies of ITR-2 and cater to specific needs in Kerala.
  • Convenience: File online from your home or office without dealing with extensive paperwork.
  • Accuracy: We conduct thorough reviews to ensure your ITR-2 is error-free.
  • Punctuality: We respect filing deadlines to help you avoid penalties.

Get started today and experience hassle-free ITR-2 return filing. It's time to start your ITR-2 Return Filing application and let IndiaFilings handle the details while you focus on growing your business.

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ITR-2 Return Filing
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Frequently asked questions

Common questions about ITR.

The ITR-2 form is crucial for Kerala taxpayers as it accommodates those with income from sources like salaries, capital gains, and property, excluding business income.
Individuals and Hindu Undivided Families (HUFs) in Kerala, earning from salaries, multiple properties, or foreign assets are eligible to file the ITR-2 form.
Key documents include Form 16 for salary details, Form 26AS for tax credits, bank statements, Aadhaar Card, and PAN for identification.
Common pitfalls include mismatching incomes, neglecting to enter foreign asset details, and incorrect personal information submission.
Taxpayers can rectify discrepancies by reviewing filings, consulting tax professionals, and acknowledging demand notices from tax authorities timely.
Yes, taxpayers aged 80 or above can file the ITR-2 form offline in Kerala using paper returns or bar-coded forms.
The ITR-2, unlike ITR-1, caters to income from capital gains and property, while ITR-1 is exclusive to basic salaried income.
Yes, late filing of the ITR-2 in Kerala may result in penalties, emphasizing the importance of timely compliance.
Expert assistance ensures accuracy in filings, deadline compliance, and minimizes the risk of penalties, streamlining the filing experience.
While not mandatory, electronic verification offers a swift and secure method to finalize ITR-2 filings in Kerala post online submission.