ITR 2A is an income tax return form meant for individuals and HUFs who have:
- Salary income
- Own more than one house property
- Do not have income from capital gains.
All the individuals and HUF who fulfill all the above three criteria shall file the ITR 2 form.
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Eligibility criteria to file using the ITR 2A Form
This Return Form is to be used by an individual or a Hindu Undivided Family (HUF), the total income for the assessment year 2015-16 includes:-
- Income from Pension/ Salary; or
- Income from Capital Gains ; or
- Income from House Property; or
- Income from Other Sources (including Winning race horse and income from Lottery).
Moreover, in a case where the income of another person like one’s spouse, child, etc. is to be summative with the income of the assessee, this Return Form can be used where such income falls in any of the above said categories.
Who cannot use this Return Form?
This Return Form should not be used by person, the total income of who’s for the assessment year 2015-16 includes Income from Profession or Business or if you get payment as a Partner in a Partnership Registration or LLP.
For proclaiming these types of Income, you may have to use ITR-3 or ITR-4 or ITR-4S.
Structure of the ITR 2A Form
ITR 2A is categorized into two parts and numerous schedules as mentioned below:
Part-A: General information requiring identification and other data
Part-B-TI: Calculation of total income
Part B-TTI: Calculation of tax liability on total income
Tax Payments: Statement of payment of advance-tax and tax on self-assessment, TDS on Salary and TDS on non-Salary income
Schedule-S: Calculation of income under the category Salaries
Schedule-HP: Calculation of income under the category Income from House Property
Schedule- CFL: Statement of losses to be carried forward to future years.
Schedule-OS: Calculation of income under the category Income from other sources.
Schedule-CYLA: Statement of income after set off of current year’s losses
Schedule-BFLA: Statement of income after set off of unabsorbed loss brought forward from earlier years.
Schedule-EI: Statement of Income excluded in total income (exempt incomes)
Schedule-VIA: Statement of deductions (from total income) under Chapter VIA.
Schedule 80G: Statement of donations entitled for deduction under section 80G
Schedule SPI: Statement of income arising to spouse/ minor child/ son’s wife or any other person or association of persons to be included in the income of assessee in Schedules-HP, CG and OS.
Schedule-SI: Statement of income that is chargeable to tax at special rates
Schedule-5A: Statement of apportionment of income between spouses governed by Portuguese Civil Code.
Mode to file ITR 2A Form
ITR 2A can be filed either online and offline.
It is obligatory to income tax return filing when:
- your total gross income is above Rs.5 lakhs
- you have foreign assets and income (including financial interest in an entity)
- you are seeking a refund