Understanding ITR-2A: A Simplified Overview

Introduction to ITR-2A: Introduced in FY 2014-15. For individuals & HUFs with multiple house properties. Eligibility Criteria: Suitable for those with salary, house property, and other sources of income. Agricultural/exempt income without limits.

Ineligibility: Not for individuals/HUFs with capital gains or foreign income/assets. Form Structure: Personal info, income computation, tax details, and schedules.

Documents Required: PAN, bank details, TDS certificates, and income-related documents. Filing Options: Submit physically or electronically. Mandatory electronic filing for incomes exceeding INR 5 lakhs since FY 2013-14.

Essential Documents: Form-16, property details, investment proofs, donation receipts, etc. Filing Process: Submit online with digital signature or physically with acknowledgment. With this simplified guide, navigating ITR-2A becomes hassle-free!