Who Can File ITR-2 for AY 2026-27?
ITR-2 is generally used by individuals and HUFs who have income other than income chargeable under business or profession and who are not eligible for ITR-1. It is commonly relevant for capital gains, multiple house properties, foreign income or assets and other situations excluded from ITR-1.
Quick Answer
In practical terms, ITR-2 is generally used by individuals and HUFs who have income other than income chargeable under business or profession and who are not eligible for ITR-1. It is commonly relevant for capital gains, multiple house properties, foreign income or assets and other situations excluded from ITR-1.
Typical ITR-2 taxpayers
- Individuals/HUFs without business or professional income
- Taxpayers with capital gains
- Taxpayers with more than two house properties
- Individuals with specified foreign income or assets
- Directors or holders of unlisted equity shares who are otherwise within ITR-2
Can an NRI file ITR-2?
Yes. ITR-2 is applicable to resident and non-resident individuals, subject to the form's conditions.
Can a person with business income file ITR-2?
No. If the taxpayer has income chargeable under the head Profits and Gains of Business or Profession, the taxpayer generally needs to examine ITR-3 or, where eligible, ITR-4.
ITR-2 schedules
The AY 2026-27 ITR-2 user manual includes schedules for salary, house property, capital gains, VDA, other sources, loss set-off/carry-forward, deductions, foreign assets and other disclosures where applicable.
Related EZTax Questions
- Which ITR Form Should I File for AY 2026-27?
- Who Can File ITR-1 (Sahaj) for AY 2026-27?
- Who Can File ITR-3 for AY 2026-27?
- Who Can File ITR-4 (Sugam) for AY 2026-27?
