![]() As per Finance Act 2020, a shift of dividend income taxability has been made from the hands of the company to the investor.Before submitting ITR, form 10IE should be submitted to the department of ITR if the assessee prefers to pay tax as per the new tax regime. One of the major changes in ITR forms is to involve a declaration of selecting among new or old tax regimes presented by Finance Act 2020 under section 115BAC.Registered taxpayer possessing an investment in unlisted equity shares during the financial year.Ĭheck out the new changes made in ITR 2 in the assessment year 2021-2022 which are as follows:.A taxpayer who earned any foreign income or owns any foreign asset.A taxpayer who is a director in a company.Earnings from other sources (comprising any earnings generating from racehorses or winning the lottery – income more than Rs.Pension or salary income (income more than Rs.Earnings from house property (income more than Rs.The registered taxpayers who are HUFs and individuals can file ITR2 but they should gain income during the assessment year which is as follows. If we talk about the ITR-2 form, it is a form that needs to be filled and submitted during the process of tax filing. It is an assessee who needs to fill up the different forms as per the category of the assessee that falls under. ITR 2 means Income Tax Return form which is used by non-resident Indians and Indian citizens to submit their tax returns with the Income Tax Department of India. If you want to know more about it, you can keep on reading. This article is presented to make you know about the facts of the ITR 2 form and its further process. ![]() One can visit an e-filing portal to file ITR2 online or just by filling an excel utility. As a matter of fact, the ITR 2 can be filed only by HUFs and individuals who do not generate any earnings from profession or business. The ITR2 should be applied as per the category of the source of income and the taxpayer to ensure easy compliance.
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