ITR-2 Form AY2018-19

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ITR-2 Form AY2018-19

ITR-2 form for AY2018-19 or FY2017-18 has been released by the Government. ITR-2 form is mostly used by salaried individuals who are not eligible to file ITR-1 form. Hence, individuals and HUFs who have salary of more than Rs.50 lakhs, more than one house property, income from capital gains, income from foreign assets, foreign income, income from business or profession as a partner (not proprietor) and other sources including lottery, racehorses, legal gambling are required to file their income tax return using form ITR-2.

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Tags: Income Tax ITR ITR Late Payment ITR Late Payment Penalty ITR-2