4/21/2023 0 Comments Download itr acknowledgement![]() ![]() ITR-2 is meant for Salaried Employees who have income or loss from more than one house property and having Capital Gains.įrom the Instructions for filing of Income Tax Returns released by IT Department along with ITR, it could be concluded that Majority of Salaried Employees will be covered by ITR-1 and ITR-2A as number of Salaried Employees who have Capital Gains will be very minimal. ITR-2A will have to be filed by Salaried Employees who have income or loss from more than one house property and without Capital Gains. ITR-1 will be applicable to Salaried Employees having Income or loss from only one house property and without Capital Gains ITR-2A for Salaried Class with out Capital Gains and more than one House Property However, on representations from income tax payers for certain complications in the filing of Income Tax Returns, Govt came forward to revise ITRs after simplifying those.Ĭlick here to read press release issued by Income Tax Department for simplification of Income Tax ReturnsĬonsequently, Income Tax Department has released ITR-1, ITR-2, ITR-2A, and ITR-4S now after simplification. Income Tax Returns for the year 2014-15 (Assessment Year 2015-16) were originally notified in the month of April 2015.
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