What is the due date for filing ITR-1 Form ?The ITR-2 is filed by the individuals or HUFs not having income from profit or gains of business or profession and to whom ITR-1 is not applicable. It includes income from capital gains, foreign income or any agricultural income more than Rs 5,000.

ITR-2 forms are used by individuals or Hindu Undivided Families whose total income for the assessment year includes:

• Income from Salary/Pension
• Income from House Property
• Income from Capital Gains
• Income from Other Sources (including Winnings from Lottery and Income from Race Horses)
• Foreign Assets

ITR-2 forms are used by individuals or Hindu Undivided Families whose total income for the assessment year includes:

1. Income from Salary/Pension
2. Income from House Property
3. Income from Capital Gains
4. Income from Other Sources (including Winnings from Lottery and Income from Race Horses)
5. Foreign Assets
6. Income exceeding Rs. 50 Lakhs
7. Having foreign assets / income
8. Having agricultural income which is more than Rs. 5,000
9. Having taxable capital gains
10. Having income from business or profession as a partner
11. Having more than one house property

• Any individual or Hindu Undivided Family with income fully or partially earned from a business or profession.
• Individuals who are eligible to fill out the ITR-1 Form.
• Individuals who are partners in a Partnership Firm.

ITR-2 form is to be used when the assessee has income that falls into the below category:

1. Accrued income through the sale of assets or property (Capital Gains)
2. Income as a partner in any firm (not proprietorship)
3. Income from more than one housing property
4. Income from countries outside of India
5. Income from any lotteries or horse racing
6. Income from Salary/Pension, Housing Property, Other sources that exceeds Rs. 50 Lakhs
7. Income from agriculture above Rs 5,000

ITR-2 form must be filed by individuals and HUFs on or before 31st July of every year.

Due Date for Filing ITR 2 Online FY 2020-21, Every year on or before 31st July is termed as the last date for filing ITR 2 (Non-audit cases)