To submit the ITR-2 form, you can opt for e-Filing using Digital Signature, Electronic Verification Code, or ITR-V. If choosing ITR-V, print the form, sign it, and send it by post to: Post Bag No. 1, Electronic City Office, Bengaluru-560500, Karnataka. Ensure all details are accurate before submission. For e-Filing, visit the Income Tax Department's website, fill in the form online, and follow the instructions for submission.

Important dates for the ITR-2 form submission in 2024 and 2025 include the start of the assessment year on April 1st, 2024, and the due date for filing the returns on July 31st, 2024. For revised returns, the deadline is March 31st, 2025.

The purpose of the ITR-2 form is to facilitate the proper declaration and reporting of income for specific individual taxpayers and Hindu Undivided Families (HUFs) for the assessment year 2017-18. It caters to those who are not eligible to file ITR-1 and have income from sources such as salary, house property, capital gains, or other sources excluding business or profession under proprietorship. This form ensures that taxpayers comply with the regulatory requirements set forth by the Income Tax Department. By providing detailed instructions and fields for capturing relevant personal and income information, the ITR-2 form assists taxpayers in accurately reporting their financial details and determining their tax liabilities. Proper submission of the ITR-2 form helps avoid penalties, ensures compliance with tax laws, and allows taxpayers to claim any applicable deductions or benefits.

• 1. Name: Name should match with the assessee's PAN records and should be entered in a specific format.
• 2. PAN: Enter your Permanent Account Number.
• 3. Date of Birth: Enter the Date of Birth as per your PAN card in DD/MM/YYYY format.
• 4. Status: Select the applicable option from the provided choices.
• 5. Address: Enter the latest address for communication in a detailed format.
• 6. Sex: Select the applicable option from Male or Female.
• 7. Employer Category: Select the appropriate employer category from the list of options.
• 8. Income Tax Ward / Circle: Enter your Ward/Circle or complete Assessing Officer's Code if available.
• 9. Mobile Number: Enter your valid Mobile number.
• 10. Email Address: Enter your valid Email Address.
• 11. Aadhaar Number / Aadhaar Enrolment Id: Enter the 12-digit Aadhaar Number or Aadhaar Enrolment Id if applicable.
• 12. Return filed under section: Specify the section under which the ITR is being filed.
• 13. Whether original or revised return?: Select whether the ITR is an original or revised return.
• 14. Notice Number: Enter the 15-digit Receipt Number of the Originally filed ITR if applicable.
• 15. Date of filing of Original Return: Enter the Date of filing of Original ITR in DD/MM/YYYY format.
• 16. Residential Status: Select the applicable residential status from the options provided.
• 17. Do you want to claim the benefit u/s 115H: Specify whether you want to claim the benefit under section 115H if applicable.

Failing to submit the ITR-2 form can lead to several consequences, including penalties and loss of benefits.

• Penalties: Late filing or non-submission can result in financial penalties imposed by the Income Tax Department.
• Loss of Benefits: Failing to file the return on time may result in the loss of certain tax benefits and deductions.
• Legal Action: Repeated failure to submit the form can lead to legal action taken against the taxpayer by the authorities.

• 1. Individual below 60 years with income above ₹2,50,000: Use this form if your total income exceeds the non-taxable limit.
• 2. Individual aged 60 to 80 years with income above ₹3,00,000: Necessary for resident individuals within this age bracket whose income exceeds the specified threshold.
• 3. Individual aged 80 years or more with income above ₹5,00,000: Required for resident individuals in this age group exceeding the non-taxable income limit.
• 4. Hindu Undivided Families (HUFs) with income above ₹2,50,000: Mandatory for HUFs whose income surpasses the non-taxable limit.
• 5. Individuals with partnership firm income: Necessary for those receiving income from a partnership firm due to profits or gains of business or profession.