{"id":12648,"date":"2020-08-31T12:24:17","date_gmt":"2020-08-31T06:54:17","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=12648"},"modified":"2020-08-31T12:32:49","modified_gmt":"2020-08-31T07:02:49","slug":"form-itr-2","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/form-itr-2\/","title":{"rendered":"Form ITR 2: Latest Updates and Procedure to File Online"},"content":{"rendered":"\n<p class=\"has-drop-cap\">The term \u201c<strong><em>Form ITR 2<\/em><\/strong>\u201d denotes an <strong><em>Income Tax Return<\/em><\/strong> filed by the <strong><em>individuals or HUFs<\/em><\/strong> (Hindu Undivided Family), who are not earning income from <strong><em>PGBP<\/em><\/strong> (Profit and Gain from Business or Profession). Moreover, it <strong><em>does not apply<\/em><\/strong> to the individuals who are <strong><em>filing <a href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-1-sahaj-form\/\">Form ITR 1<\/a> (Sahaj)<\/em><\/strong>. <\/p>\n\n\n\n<p><em>Further, the term \u201c<\/em><strong><em>income<\/em><\/strong><em>\u201d under ITR Form 2 includes the following:<\/em><\/p>\n\n\n\n<ol><li>Income from\nCapital Gains;<\/li><li>Foreign Income;\nand<\/li><li>Agricultural\nIncome above Rs 5000;<\/li><\/ol>\n\n\n\n<p>In this blog, we will discuss the concept of <strong><em>Form\nITR 2<\/em><\/strong>, together with the <strong><em>latest updates<\/em><\/strong> and the <strong><em>procedure\nto file it online<\/em><\/strong>.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2cda8a048c4\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2cda8a048c4\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-2\/#Who_are_all_Eligible_to_File_ITR_2\" title=\"Who are all Eligible to File ITR 2?\">Who are all Eligible to File ITR 2?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-2\/#Who_are_all_Not_Eligible_to_File_ITR_2\" title=\"Who are all Not Eligible to File ITR 2?\">Who are all Not Eligible to File ITR 2?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-2\/#Latest_Updates_on_Form_ITR_2\" title=\"Latest Updates on Form ITR 2\">Latest Updates on Form ITR 2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-2\/#Structure_of_Form_ITR_2\" title=\"Structure of Form ITR 2\">Structure of Form ITR 2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-2\/#Who_can_File_ITR_2_offline\" title=\"Who can File ITR 2\noffline?\">Who can File ITR 2\noffline?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-2\/#Procedure_to_file_Form_ITR_2\" title=\"Procedure to file Form ITR 2\">Procedure to file Form ITR 2<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-2\/#Offline_Procedure_to_File_Form_ITR_2\" title=\"Offline Procedure to File Form ITR 2\">Offline Procedure to File Form ITR 2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-2\/#Online_Procedure_to_File_Form_ITR_2\" title=\"Online Procedure to File Form ITR 2\">Online Procedure to File Form ITR 2<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-2\/#Download_the_Form\" title=\"Download the Form\">Download the Form<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-2\/#Fill_in_the_Details\" title=\"Fill in the Details\">Fill in the Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-2\/#Verification_of_Form\" title=\"Verification of Form\">Verification of Form<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-2\/#Submitting_the_Form\" title=\"Submitting the Form\">Submitting the Form<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-2\/#Modifications_Made_in_ITR_Form_2_for_the_Assessment_Year_2020-_2021\" title=\"Modifications Made in ITR Form 2 for the\nAssessment Year 2020- 2021\">Modifications Made in ITR Form 2 for the\nAssessment Year 2020- 2021<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-2\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/swaritadvisors.com\/learning\/form-itr-2\/#Download_Sample_Format_of_Form_ITR_2\" title=\"Download Sample Format of Form ITR 2\">Download Sample Format of Form ITR 2<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_are_all_Eligible_to_File_ITR_2\"><\/span>Who are all Eligible to File ITR 2?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/08\/Who-are-all-Eligible-to-File-ITR-2-1024x768.png\" alt=\"Eligibility to File ITR 2\" class=\"wp-image-12649\" width=\"513\" height=\"384\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/08\/Who-are-all-Eligible-to-File-ITR-2-1024x768.png 1024w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/08\/Who-are-all-Eligible-to-File-ITR-2-300x225.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/08\/Who-are-all-Eligible-to-File-ITR-2-768x576.png 768w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/08\/Who-are-all-Eligible-to-File-ITR-2.png 1200w\" sizes=\"(max-width: 513px) 100vw, 513px\" \/><\/figure><\/div>\n\n\n\n<p>The taxpayers who are <strong><em>eligible to file Form ITR 2 in\nIndia<\/em><\/strong> are as follows: <\/p>\n\n\n\n<ol><li>Any Resident who\nis having an asset located outside India;<\/li><li>Any Non\nResident;<\/li><li>Any Non-ordinary\nResident;<\/li><li>Any Taxpayer who\nis earning agriculture income above Rs 5000;<\/li><li>Income from\nHorse Race;<\/li><li>Income from\nGambling;<\/li><li>Income from\nWinning Lottery;<\/li><li>Both Short-Term\nand Long-Term Capital Losses\/Gains from the Sale of Property\/ Securities\/\nInvestments;<\/li><\/ol>\n\n\n\n<p><strong>Note:<\/strong><\/p>\n\n\n\n<p>If in the case, there is only <strong><em>long-term\ncapital gain<\/em><\/strong>, then the same is <strong><em>exempt<\/em><\/strong> under <strong><em>section 10(38),<\/em><\/strong> and <strong><em>Form\nITR 1 can be filed<\/em><\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_are_all_Not_Eligible_to_File_ITR_2\"><\/span>Who are all Not Eligible to File ITR 2?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/08\/Who-are-all-Not-Eligible-to-File-ITR-2-1024x512.png\" alt=\"Not Eligible to File ITR 2\" class=\"wp-image-12650\" width=\"494\" height=\"247\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/08\/Who-are-all-Not-Eligible-to-File-ITR-2-1024x512.png 1024w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/08\/Who-are-all-Not-Eligible-to-File-ITR-2-300x150.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/08\/Who-are-all-Not-Eligible-to-File-ITR-2-768x384.png 768w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/08\/Who-are-all-Not-Eligible-to-File-ITR-2.png 1200w\" sizes=\"(max-width: 494px) 100vw, 494px\" \/><\/figure><\/div>\n\n\n\n<p><em>The taxpayers who are <\/em><strong><em>not eligible to file Form ITR 2<\/em><\/strong><em> are as follows:<\/em><\/p>\n\n\n\n<ol><li>Any Taxpayer who\nis earning income from PGBP (Profit and Gain from Business or Profession);<\/li><li>Any Taxpayer who\nis eligible to file ITR 1;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Latest_Updates_on_Form_ITR_2\"><\/span>Latest Updates on Form ITR 2<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As per the latest notification announced by the IT\nDepartment, the <strong><em>due date for filing ITR 2<\/em><\/strong> in the <strong><em>Assessment Year 2020-2021<\/em><\/strong>\nhas now been extended to <strong><em>30.11.2020<\/em><\/strong>.<\/p>\n\n\n\n<p>That means the returns that were supposed to be\nfiled by <strong><em>31.07.2020 and 31.10.2020<\/em><\/strong> can now be <strong><em>filed up to 30.11.2020<\/em><\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Structure_of_Form_ITR_2\"><\/span>Structure of Form ITR 2<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><em>The <\/em><strong><em>structure of ITR 2 <\/em><\/strong><em>can be summarised as:<\/em><\/p>\n\n\n\n<ol><li><strong>Part A<\/strong>: General\nInformation;<\/li><li><strong>Schedule S<\/strong>: Details\nof the Income derived from Salaries;<\/li><li><strong>Schedule\nHP<\/strong>: Details of the income derived from House Property;<\/li><li><strong>Schedule\nCG<\/strong>: Computation of Income under the head Capital Gains;<\/li><li><strong>Schedule\nOS<\/strong>: Computation of Income under the Income from Other Sources;<\/li><li><strong>Schedule\nCYLA<\/strong>: Statement of Income after Setting off Losses of the\nCurrent Year;<\/li><li><strong>Schedule\nBFLA<\/strong>: Statement of Income after Setting off of the Unabsorbed Loss\nbrought forward from the Earlier Years<\/li><li><strong>Schedule\nCFL<\/strong>: Statement of the Losses to be Carried Forward in the\nFuture Years;<\/li><li><strong>Schedule\nVIA<\/strong>: Statement of the Deductions (from the Total Income) under\nChapter VI A;<\/li><li><strong>Schedule 80\nG<\/strong>:\nStatement of the Donations entitled for deduction under section 80 G;<\/li><li><strong>Schedule\n80 GGA<\/strong>: Statement of the Donations made for Scientific Research or\nRural Development;<\/li><li><strong>Schedule\nAMT<\/strong>: Computation of the Alternate Minimum Tax (AMT) payable\nunder section 115 JC<\/li><li><strong>Schedule\nAMTC<\/strong>: Computation of Tax Credit under section 115 JD;<\/li><li><strong>Schedule\nSPI<\/strong>: Statement regarding the Income arising to minor child\/ spouse\/\nson\u2019s wife or any other person or AOP (Association of Persons) to be included\nin the income of the Assessee in Schedules: HP, CG, and OS;<\/li><li><strong>Schedule\nSI<\/strong>: Statement of the Income which is chargeable to tax at the\nSpecial Rates;<\/li><li><strong>Schedule\nEI<\/strong>: Details of the Exempt Income;<\/li><li><strong>Schedule\nPTI<\/strong>: Pass through Income details from the business trust or\ninvestment fund according to Section 115 UA, 115 UB;<\/li><li><strong>Schedule\nFSI<\/strong>: Statement of the Income arising or accruing Outside India;<\/li><li><strong>Schedule\nTR<\/strong>: Details of the Taxes paid Outside India;<\/li><li><strong>Schedule\nFA<\/strong>: Details of the Foreign Assets and Income from any other\nsource outside India;<\/li><li><strong>Schedule\n5A<\/strong>: Statement of the Apportionment of Income between spouses\nRegulated by the Portuguese Civil Code;<\/li><li><strong>Schedule\nAL<\/strong>: Asset and Liability at the year-end (applicable in case\nthe total income exceeds Rs 50 lakhs);<\/li><li><strong>Schedule\nDI<\/strong>: Schedule of the Tax-saving Investments or Payments or\nDeposits to claim deduction or exemption for the extended period from\n01.04.2020 until 30.06.2020<\/li><li><strong>Part B -TI<\/strong>:\nComputation of the Total Income;<\/li><li><strong>Part B -TTI<\/strong>:\nComputation of the Tax Liability on the Total Income;<\/li><li>Details to be filled if in case the annual return has been\nprepared and filed by a Tax Return Preparer;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_can_File_ITR_2_offline\"><\/span>Who can File ITR 2\noffline?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Any Taxpayer who is <strong><em>above 80 years<\/em><\/strong> in age is eligible to file form ITR 2 offline. That means he\/she is eligible to file the Return in a  Physical Paper Format.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Procedure_to_file_Form_ITR_2\"><\/span>Procedure to file Form ITR 2<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are 2 ways of filing ITR 2, which are as follows:<\/p>\n\n\n\n<ol><li>Offline Procedure;<\/li><li>Online Procedure<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Offline_Procedure_to_File_Form_ITR_2\"><\/span>Offline Procedure to File Form ITR 2<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The <strong><em>modes for Filing Income Tax Return 2 <\/em><\/strong>are\nas follows:<\/p>\n\n\n\n<ol><li>By Furnishing\nthe Income Tax Return in a Physical Paper Format;<\/li><li>By Furnishing a\nBar-coded Return;<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Online_Procedure_to_File_Form_ITR_2\"><\/span>Online Procedure to File Form ITR 2<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/08\/Online-Procedure-to-File-Form-ITR-2-1024x768.png\" alt=\"Process of filing Form ITR 2\" class=\"wp-image-12651\" width=\"471\" height=\"353\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/08\/Online-Procedure-to-File-Form-ITR-2-1024x768.png 1024w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/08\/Online-Procedure-to-File-Form-ITR-2-300x225.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/08\/Online-Procedure-to-File-Form-ITR-2-768x576.png 768w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/08\/Online-Procedure-to-File-Form-ITR-2.png 1200w\" sizes=\"(max-width: 471px) 100vw, 471px\" \/><\/figure><\/div>\n\n\n\n<p>The steps involved in the <strong><em>procedure to file Form ITR 2\nonline<\/em><\/strong> are as follows:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Download_the_Form\"><\/span>Download the Form<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>In the first step, the applicant needs to<strong><em> download the form <\/em><\/strong>by visiting the official website at <a href=\"http:\/\/www.incometaxindiaefiling.gov.in\/home\">http:\/\/www.incometaxindiaefiling.gov.in\/home<\/a>;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fill_in_the_Details\"><\/span>Fill in the Details<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Now, the taxpayer <em><strong>needs to fill in details<\/strong><\/em> in different sections of the form.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Verification_of_Form\"><\/span>Verification of Form<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>In this step, the taxpayer needs to get his\/her <strong><em>ITR Form 2 verified or authenticated<\/em><\/strong> in the following ways:<\/p>\n\n\n\n<ol><li>By getting it\ndigitally signed;<\/li><li>By authenticating\nthe Form through EVC (Electronic Verification Code);<\/li><\/ol>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Submitting_the_Form\"><\/span>Submitting the Form<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Now, if the taxpayer submits\nhis\/her form online, and then an acknowledgment will be sent to his\/her\nregistered email id.<\/p>\n\n\n\n<p>However, if he\/she chooses to send it <em><strong>manually by downloading<\/strong><\/em> it from the official portal, the taxpayer is required to send the same to the IT Department\u2019s CPC office in Bangalore within 120 days, starting from the date of e-filing.<\/p>\n\n\n\n<p>Moreover, it shall be relevant to note that <strong><em>Form ITR 2 is an annexure less form<\/em><\/strong>, i.e., there is no need to attach any document.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Modifications_Made_in_ITR_Form_2_for_the_Assessment_Year_2020-_2021\"><\/span>Modifications Made in ITR Form 2 for the\nAssessment Year 2020- 2021<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong><em>modifications made in Form ITR 2 <\/em><\/strong>are as follows:<\/p>\n\n\n\n<ol><li>Introduction of Pensioners Column;<\/li><li>Introduction of new deduction named 80 TTB in the Deductions Column;<\/li><li>From this Assessment Year, the Assessee is required to disclose his\/her Directorship in any Unlisted Company;<\/li><li>Now, Assessee needs to provide details of his\/her PAN (Permanent Account Number) and DIN (<strong><a href=\"https:\/\/swaritadvisors.com\/learning\/director-identification-number\/\">Director Identification Number<\/a><\/strong>);<\/li><li>From this Assessment Year, the Assessee is required to provide details of his\/her Shareholdings in any Unlisted Company. That means the taxpayer needs to disclose the details of shares purchased and sold by them.<\/li><li>From this Assessment Year, the Assessee who is above 80 years of age has the facility to file Physical Format Returns;<\/li><li>The applicant who is having possession of Foreign Assets needs to disclose the details as follows:<\/li><li>Disclosure of FDA (Foreign Depository Account);<\/li><li>Foreign Custodian Accounts;<\/li><li>Equity;<\/li><li>Debt Interests;<\/li><li>Details of the Overseas Cash Value Insurance Contract; or<\/li><li>Annuity Contract;<\/li><li>From this Assessment Year, the Assessee who is having Agricultural Income needs to disclose the additional details as follows:<\/li><li>Land Measurement in Acres;<\/li><li>Name of the District;<\/li><li>Pin Code of the District in which the land is located;<\/li><li>Quality of Land, such as Irrigated or Rain-fed;<\/li><li>Details whether the Land is Owned or Leased;<\/li><li>From this Assessment Year, the Assessee who is earning Income from the Residential House Properties need to furnish details as follows:<\/li><li>Name of the Tenant;<\/li><li>PAN Card Details;<\/li><li>TAN (Tax Deduction or Collection Account Number);<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Therefore, it can be rightly said that the <strong><em>government<\/em><\/strong> is <strong><em>working hard<\/em><\/strong> to <strong><em>benefit the taxpayers<\/em><\/strong> of <em><strong>all levels<\/strong><\/em> in the middle of the <em><strong>COVID-19 crisis<\/strong><\/em>. The same can be proved by the fact that the <em><strong>due dates for Filing ITR Form 2<\/strong><\/em> have been<em><strong> extended to 30.11.2020<\/strong><\/em>.<\/p>\n\n\n\n<p>For more information and details, reach out to our <strong><a href=\"https:\/\/swaritadvisors.com\/income-tax-return-filing\">Income Tax Return Filing<\/a><\/strong> Service Page.<\/p>\n\n\n\n<p class=\"text-left\"><b>Also, Read<\/b>:<mark style=\"background: #fffd03 !important\"><a href=\"https:\/\/swaritadvisors.com\/learning\/complete-guide-to-income-tax-return-filing\/\">Complete Guide to Income Tax Return Filing<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Download_Sample_Format_of_Form_ITR_2\"><\/span>Download Sample Format of Form ITR 2<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<a href=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/08\/itr2_english.pdf\" class=\"pdfemb-viewer\" style=\"\" data-width=\"max\" data-height=\"max\"  data-toolbar=\"bottom\" data-toolbar-fixed=\"off\">itr2_english<br\/><\/a>\n<p class=\"wp-block-pdfemb-pdf-embedder-viewer\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The term \u201cForm ITR 2\u201d denotes an Income Tax Return filed by the individuals or HUFs (Hindu Undivided Family), who are not earning income from PGBP (Profit and Gain from Business or Profession). Moreover, it does not apply to the individuals who are filing Form ITR 1 (Sahaj). Further, the term \u201cincome\u201d under ITR Form [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":12653,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[416,1],"tags":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/12648"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=12648"}],"version-history":[{"count":14,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/12648\/revisions"}],"predecessor-version":[{"id":12669,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/12648\/revisions\/12669"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/12653"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=12648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=12648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=12648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}