INTRODUCTION: For the financial year 2014-15 i.e. assessment year 2015-16, income tax department has issued a new Form ITR 2A. The reason for this form is that ITR 1 is very basic form in which very limited details are required to be furnished and only a limited salaried taxpayer are allowed to furnish this form. Due to its limitation Taxpayers has to File ITR 2 which is very complicated. To remove this complexity department introduced a new form ITR2A i.e. in between ITR 1 and ITR 2.
WHO CAN FURNISH ITR FORM 2A: ITR Form 2A can be furnished by an individual or HUF whose total income includes
WHO CAN NOT FURNISH ITR FORM 2A: ITR 2A cannot be furnished by an individual or HUF whose total includes
DIFFERENCE BETWEEN ITR 1 AND ITR 2A
DIFFERENCE BETWEEN ITR 2 AND ITR 2A
The only difference between ITR 2 and ITR 2A is that if an assessee have income from capital gains then s/he can furnish only ITR 2. S/he cannot filed ITR 2A.
Do you think CBDT should extend Tax Audit Report and relevant ITR Due Date? Please Comment, Vote, Retweet and Like.— Tax Guru (@taxguru_in) September 18, 2018