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Starting July 18, 2025, the Income Tax Department has enabled online filing for the ITR-2 form on its e-filing portal, making it easier for more individuals and HUFs—with a range of income types—to submit their tax returns with pre-filled data.
ITR-2 is for individuals or HUFs who earn income from salary or pension, more than one house property, capital gains, foreign assets, crypto, agricultural income above Rs 5,000, or are directors, among other detailed categories.
Notable changes include separate reporting for capital gains before and after July 23, 2024, capital loss treatment on share buybacks from October 2024, and an asset/liability disclosure requirement now for those earning over Rs 1 crore yearly.
The last date to file ITR-2 for FY 2024-25 (AY 2025-26) is now September 15, 2025, giving taxpayers more time than the usual July deadline to prepare and submit their returns online.
You’ll need Form 16, Form 16A, Form 26AS, bank statements, capital gains summaries, rent receipts, and proof of tax-saving investments. Keep prior year ITR-Vs for loss claims and supporting documents for all declared incomes and deductions.
Online ITR-2 filing offers pre-filled data, making the process faster and reducing manual work and errors, which is especially helpful for those with complex finances and multiple income sources.
Currently, only ITR-2 allows for complete online filing. Taxpayers who need to file ITR-3 must use the offline Excel utility, with the online form yet to be enabled.
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