Revenue Tax Division permits on-line utility for ITR-2 submitting

People and Hindu Undivided Households (HUFs) having taxable capital good points revenue can now begin submitting Revenue Tax returns ITR-2 for monetary 12 months 2024-25. “Revenue Tax Return Type of ITR-2 is now enabled for submitting by on-line mode with pre-filled knowledge on the e-filing portal,” the I-T Division mentioned in a publish on X.

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ITR-2 is filed by people and HUFs who’ve revenue from capital good points, however don’t have earnings from enterprise or career. Final month, the Tax Division had enabled the web utility for submitting ITR-1 and 4, that are easier kinds that cater to small and medium taxpayers.

The federal government has already prolonged the deadline for submitting ITRs for Evaluation 12 months 2025-26 (monetary 12 months 2024-25) by people and entities who don’t have to get their accounts audited to September 15, from July 31.