The Income Tax department, on Monday, enabled electronic form for ITR-2 for individuals and Hindu Undivided families for the year 2018-19 in the official website. With this, total three E-forms are available for e-filing with the portal. Four more ITRs are left to be activated still after the Central Board of Direct Taxes ( CBDT ) notified these on April 5.
“ITR 1, 2 and 4 for AY 2018-19 is now available for e-Filing. Other ITRs will be available shortly,” income tax department announced on Monday.
The ITR-2 is used by individuals and Hindu Undivided Families (HUFs) who have income from any sources except income from profits and gains of business or profession, including NRIs.
A few days ago, ITR-4 for professionals and self-employed individuals who have opted for the presumptive income scheme was launched in the e-portal.
Recently, the department has enabled ITR-1 which is largely used the salaried class of taxpayers with income up to Rs 50 lakh from salary, one house property only and additional income such as interest earned from fixed deposits, recurring deposits among others.
ITR-3, 5, 6, 7 are yet to be enabled for other taxpayers like Companies, Firms, LLPs etc.
