Important Keyword: HUF, Income Heads, ITR Form, ITR-2A.
Table of Contents
ITR-2A form for Multiple House Property Income [Discontinued]
ITR-2A made its debut in the fiscal year 2014-15 (Assessment Year 2015-16), tailored specifically for individuals and Hindu Undivided Families (HUFs) with salary income and ownership of more than one house property. However, those with capital gains were ineligible to utilize this form. Regrettably, this form bid adieu starting from the fiscal year 2016-17 (Assessment Year 2017-18). Henceforth, taxpayers can file ITR-2 instead of ITR-2A.
Who Can File ITR-2A?
Individuals and HUFs with the following income sources are eligible:
- Salary Income
- Income from House Property (Single or multiple house properties)
- Income from Other Sources
- Agricultural/Exempt Income (without any limits)
Who Cannot File ITR-2A?
However, ITR-2A is not suitable for individuals or HUFs with the following income types:
- Income from Capital Gains
- Business or Profession Income
- Income from Foreign Sources and/or possessing any foreign assets
Structure of ITR-2A
| Part/ Schedule | Heading | Fields |
|---|---|---|
| PART A- GENERAL | Personal Information | Name, Address, Date of Birth, PAN, contact details. |
| Filing Status | Employer Category, Tax status, Residential status, Return filed under the section. | |
| PART B-TI | Computation of total income | Total of all the incomes. |
| PART B-TTI | Computation of tax liability on total income | The Bank Account details, Verification details. |
| Schedule IT | Details of Advance Tax and Self Assessment Tax Payments | BSR code, Date of Deposit, Chalan number, Tax Paid. |
| Schedule TDS | TDS1: Details of Tax Deducted at Source from SALARY | TAN of Employer, Employer Name, Tax Deducted, etc. |
| Schedule TDS | TDS2: Details of Tax Deducted at sources from Income other than Salary (As per FORM 16A) | TAN, Name of Deductor, Year of Deduction, Tax deducted, etc. |
| Schedule S | Details of Income from Salary | Employer Details, Salary, Perquisites, Allowance, etc. |
| Schedule HP | Details of Income from House Property | Details of House Property, Name and PAN of the Co-owners and Tenants, Details of Rent Income, Interest payable on Borrowed Capital, etc. |
| Schedule OS | Income from Other Sources | A dividend, Interest, Rental income from machinery, Winnings from lotteries, Crossword puzzles, Races, Games, etc. |
| Schedule CYLA | Details of income after setoff of current year losses | |
| Schedule BFLA | Details of income after Set off of Brought Forward Losses of earlier years | |
| Schedule CFL | Details of Losses to be carried forward to the future years | |
| Schedule VI-A | Deductions under Chapter VI-A | Deductions under section 80C, 80CCC, 80CCG, 80D, 80DDB, 80E, 80G, 80TTA etc. |
| 80G | Details of donations | Name of Donee, Address, City or District, State Code, PAN of Donee, Amount, etc. |
| Schedule SPI | Income of specified persons (spouse, minor child etc.) included in the income of the assessee (income of the minor child, in excess of Rs. 1500 per child, to be included) | Name and PAN of Person, Relationship, Nature of Income, Amount. |
| Schedule SI | Income chargeable to income tax at special rates | Description of Special Rate Income, Special Rate, Income, Taxable Income after adjusting min. chargeable to tax, Tax thereon. |
| Schedule EI | Details of Exempt Income (Income not to be included in Total Income) | Interest income, Dividend, Agricultural Income, etc. |
| Schedule 5A | Information regarding the appointment of income between spouses governed by Portuguese Civil Code | Name and PAN of spouse, income received under different heads, amount appointed in the hands of the spouse, TDS details, etc. |
Here’s a comprehensive guide on the documents required and the filing process for ITR 2A:
Essential Documents:
- PAN (Permanent Account Number)
- Bank Account Details
- TDS Certificates
- Counterfoils of Taxes Paid
- Details of Original Return if Filing Revised Return
- Details of Notice if Filing in Response to Notice
Documents Based on Income Type:
For Salary Income:
- Form-16 or Salary Slips received from your employer
- Pension Statement/Passbook
For House/Property Income:
- Address of the property
- Co-owner details (if applicable)
- Interest certificates/Repayment certificate from a bank (for property loan)
- Rent Agreement (for let-out property)
For Other Sources:
- Savings/Current Account Statements/Passbook
- Interest certificates for deposits/bonds/NSC
- PPF Account Statement/Passbook
- Dividend warrants/counterfoils
- Rent Agreement (for let-out machinery)
- Details about receipts of any other incomes
Documents for Chapter VI-A Tax Breaks:
- PPF Account Statement/Passbook
- Fixed Deposit Certificates/Statements
- Mutual Fund NAV Statements
- ELSS/ULIP/NSC Investment Details
- Life Insurance Premium Receipts
- Medical Insurance Premium Receipts
- House/Property Loan Interest Certificate/Repayment Statement
- Donation Receipts
How to File ITR 2A?
Physical Submission:
- Submit the ITR-2A in paper form or bar-coded return form.
- Receive an acknowledgment stamped with submission details from the department.
Online/Electronic Submission:
- Submit the ITR-2A online after digitally signing it.
- Alternatively, submit the ITR-2A online and send the signed verification (ITR-V) to the Central Processing Center, Bangalore, within 120 days.
- Or, opt for EVC to avoid sending the ITR-V and complete the process within three to five weeks.
Sample ITR-2A Form
Read More: AY 2021-22 ITR 3 Form for Income from Business or Profession
Web Stories: AY 2021-22 ITR 3 Form for Income from Business or Profession
Official Income Tax Return filing website: https://incometaxindia.gov.in/
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