Form ITR 2A is an income tax return form used for individuals or HUF not having income from business or profession and capital gain and who do not hold foreign assets. As per the Rule 12 of Income Tax Rules 1962 (Amended), ITR 2A is prepared to file income from salary/pension, income from house properties, and income other sources together. This is equipped to include the income from lottery and income from race horse. In case the income of any other person like minor child or spouse fall under any of the above heads are to be clubbed.
Manner of filing the return
- return in a paper form.
- return electronically under digital signature.
- return electronically under electronic verification code.
- return electronically and thereafter submitting the verification of the return in return Form ITR-V
- return with the help of ERI (hamaratax is doing that service)
For the AY 2016-17 any assessee (other than an individual of the age of 80 years or more at any time during the previous year) having a refund claim or having total income of more than five lakh rupees is required to furnish the return in the manner provided at 5(ii) or 5(iii) or 5(iv). Any claim for relief under section 90, 90A or 91, or to whom Schedule FSI and Schedule TR apply, has to furnish the return in the manner provided at 5(ii) or 5(iii) or 5(iv).
ITR 2A and Hamaratax
After registration and personal data entry, select salary, rental income, and then other income. In addition to these sections other tax information are also to be filled. Setoff or carryforward of losses will be managed by the site. In hamaratax selection of ITR is an automated process. All the unnecessary schedules are avoided in respect of the choice of entry.