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Home FINANCE ITR Filing 2025: ITR-2 and ITR-3 forms activated, know who can use...

ITR Filing 2025: ITR-2 and ITR-3 forms activated, know who can use them

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The Income Tax Department has activated ITR Form-2 and ITR Form-3. Now taxpayers using ITR Form-2 and Form-3 can file returns through the e-filing portal of the Income Tax Department. Different forms of ITR have been fixed for income taxpayers. The Income Tax Department has given information on the social media platform X that the Excel utilities of Form-2 and Form-3 have gone live.

The deadline for filing returns this year is September 15

Earlier, only ITR-1 and ITR-4 were live for online return filing. This year the last date for filing Income Tax Return is 15 September. Generally, the last date for filing Income Tax Return is 31 July. But, in the Union Budget last year , the government had changed many rules including Capital Gains Tax. According to this, changes in Income Tax forms were necessary. After the necessary changes, the department is making the revised forms live.

What type of taxpayers is ITR 2 for

ITR-2 form is used by individuals and Hindu Undivided Families (HUC) who do not have income from business or profession. Generally, this form is used by taxpayers whose income comes from sources like salary, pension, capital gains. People who have income from more than one house property can use this form. Taxpayers who have short term or long term capital gains or loss on investment or sale of property can use this form. If a taxpayer has income from winning lottery or horse race, then he can use this form. Non-resident or resident non ordinarily can use ITR Form 2.

What type of taxpayers is ITR 3 for

ITR Form 3 is for individuals and Hindu Undivided Families (HUF) who have made profit or loss from business or profession. This form is used a lot, due to which it is called a master form. In this form, information can be given about income from house property, salary/pension income, capital gains and income from other sources. If income is earned from a partnership firm, then this form can be used.

 

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