How to file ITR-2 online with salary, capital gains and other incomes for FY 2022-23

economictimes.indiatimes.com:

ITR 1 is a widely-used form for salaried individuals with specific income sources, it cannot be used by everyone. When an individual is a non-resident or not-ordinarily resident or his income surpasses the limitations of ITR 1 such as total income is more than 50 lakh or involves multiple house properties, or consists of capital gains, the income tax return (ITR) has to be filed using ITR 2 only. The form ITR 2 cannot be used by an individual having income from a business or profession. One can file ITR-2 through different methods. It can be filed using the income tax department's Excel or Java utilities or online directly through the income tax e-filing portal. In this article, we have explained the most efficient method to file your ITR-2 online with illustrations on reporting salary, capital gains and other incomes.

Step 1: Go to https://www.incometax.gov.in/iec/foportal and log in with your PAN/Aadhaar and password.Step 2: Go to E-File > Income Tax Returns > File Income Tax Return from the menu.Step 3: Select the assessment year 2023-24 and mode of filing as 'online' and click 'Continue' to proceed. The assessment year 2023-24 is to be chosen to file ITR for FY 2022-23. If you are uploading a JSON file generated from the department's utilities, you must select the mode of filing as offline.Step 4: Select your status as individual and click 'Continue'.Step 5: From the dropdown of 'ITR Form', select 'ITR-2'.Step 6: Usually people file ITR when their income is above maximum exemption limit. However, even if the total income of an individual does not exceed the maximum exemption limit, ITR filing is mandatory in certain situations. Select the reason for which you are filing