The Income Tax Department has activated ITR Form-2 and ITR Form-3. Now through the e-filing portal of the Income Tax Department, you can file taxpayers returns using ITR Form-2 and Form-3. Different forms of ITR are fixed for income taxpayers. The Income Tax Department has given information about the Excel Utilities of Form-2 and Form-3 on social media platform X.
Deadline to file returns this year 15 September
Earlier, ITR-1 and ITR-4 were lived for online return filing. This year Income tax return The last date to file is 15 September. Generally, the last date for filing income tax returns is 31 July. However, in the union budget last year, the government had changed several rules including Capital Gens Tax. Accordingly, change in income tax forms was necessary. After the necessary changes, the department is doing revised forms live.
What type of taxpayers are ITR2
The ITR-2 form is used by individuals and Hindu ignorant families (HUC) that do not have income from business or profession. This form is usually used by taxpayers, whose income is from sources like salary, pension, capital gains. People who have income from more than one house property can use this form. Taxpayers who have a short term or long -term capital gains or loss on selling investment or property can use this form. If a taxpayer has income from winning a lottery or horse race, then he can use this form. Non-resident or resident can use non-ordinarili ITR Form 2.
What type of taxpayers are ITR3
The ITR Form 3 is for those individual and Hindu undivided families (HUFs) that have been profit or loss from business or profession. This form is very much used, which is called master form. In this form, information about income, salary/pension income, capital gains and other sources from house property can be given. If there is income from a partnership firm, then this form can be used.