ITR-2

ITR-2 is for the use of an individual or a Hindu Undivided Family (HUF) whose total income for the AY 2025-26 includes:

Income from Salary/Pension Income from House Property Income from Other Sources (including Winnings from Lottery and Income from Horse Races) If you are an Individual Director in a company If you have had investments in unlisted equity shares at any time during the financial year Being a Resident-not-Ordinarily Resident (RNOR) and Non-Resident Income from Capital Gains Having any foreign income Agricultural income more than Rs 5,000 Owning assets (including financial interest in any entity) outside India, including signing authority in any account located outside India If tax has been deducted under Section 194N If in case payment or deduction of tax has been deferred on ESOP If you have any brought forward loss or loss needs to be carried forward under any income head Further, in a case where the income of another person like one’s spouse, child etc. is to be clubbed with the income of the assessee, this Return Form can be used where such income falls in any of the above categories.

The total income can be more than Rs 50 Lakhs.

Who Cannot Use ITR-2? This Return form should not be used by an individual whose total income for the AY 2025-26 includes Income from Business or Profession. For declaring these types of Income, you may have to use ITR-3 or ITR-4. Go through our comprehensive guide on ITR-2 to know how to fill out the ITR-2 form.