Mastering ITR 2 Filing for AY 2024-25: Comprehensive Guide for ITR Filing ft

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Күн бұрын

In this comprehensive session, we'll dive deep into the intricacies of filing ITR 2 for the assessment year 2024-25. Whether you're new to the process or looking to enhance your understanding, this guide will walk you through the essential steps and calculations needed to file your ITR 2 accurately.
We'll cover a variety of topics, including:
Who can file ITR 2 and which types of income can be reported.
A detailed walkthrough of ITR 2 computation in Excel.
Calculations for house property income and capital gains tax, including cost inflation index.
Income tax calculation for share market income and other sources.
How to set off long-term capital loss and choose the best tax regime.
Step-by-step instructions on filling schedules such as salary, house property, capital gains, and reporting income from property sales, equity shares, and other sources.
Plus, we'll guide you through the process of validating and verifying your ITR for final submission.
Join us for this informative session to gain clarity on all aspects of ITR 2 filing and ensure a smooth and error-free tax return. Don't forget to subscribe for more tax filing tips and tutorials!
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Video Timeline
0:00 Intro to topic
0:42 Who can file ITR 2?
0:53 Income which can report in ITR 2?
3:18 Topic covered in session
4:20 Computation of ITR 2 in Excel
5:03 House property income tax calculation
5:55 Capital gain income tax calculation
6:14 Income tax calculation on land and building
8:30 How to calculate Cost inflation index for tax calculation
11:32 How to download zerodha Tax PnL
12:20 Income tax calculation on share market income
20:38 Sett of provision for Long term capital loss
23:24 How to choose best tax regime
29:15 ITR 2 Filing for AY 2024-25
32:35 How to opt for old regime
33:47 How to fill salary schedule in ITR 2
35:04 How to fill house property schedule in ITR 2
37:10 How to fill capital gain schedule in ITR 2
37:43 How to report sale of property in ITR 2
39:52 How to report STCG on equity share in ITR 2
40:33 How to report LTCG on equity share in ITR 2
41:52 How to report other source income in ITR 2
50:10 Validate and verify your ITR
50:43 Outro

Пікірлер: 125

@avchavan32 2 күн бұрын

Thank you so much for the detailed video and guidance. Post watching, it enabled me to filled ITR 2 easily… 🙂🙏

@user-sp7wx3on8i 13 күн бұрын

Dear sir I have been seen every video of lots of U tuber, But video and all other videos on Income tax , gst Your are teaching us like a child whom the teacher takes efforts from every corner that his students surely purely understood your teaching method.... I am proud of you and your efforts....

@madhusudantandon 17 күн бұрын

One of the best explained ITR2 filling video. One lakh long term capital gain is not taxed, forgot to explain. Thanks

@user-ly3lq9cs4o 14 күн бұрын

@@madhusudantandon totally agreed

@ranjitsaha6646 Ай бұрын

Many many thanks , sir ! God bless you more and more !

@understandthewordsfeelthes3036 2 ай бұрын

Thanks for Sharing Latest Updates👍👌

@lokeshdevadiga141 2 ай бұрын

Tq very much sir detailed information..

@ullekhajain824 3 күн бұрын

Thank You So Much for such detailed video on filing. It really educated me for Self Assessment. Keep up the good work..

@AnilKumar-po2ls 22 күн бұрын

Thanks for your kind information....

@hariom605 2 ай бұрын

nice video simple and understandable👍

@biplabparida9223 18 күн бұрын

Awesome video with useful information

@shrinivasbakre9676 2 ай бұрын

Thanks for information

@khznm2174 2 ай бұрын

Good work, explained well , worth spending time if u want to do it self

@RUDRA0058 8 күн бұрын

All your videos are very informative and very detailed. Thank you for the effort. 😃😃

@shaguftashaikh919 9 күн бұрын

such an informative lecture...thank you so much sir

@sureshnegi1769 2 ай бұрын

Well done thanks❤❤

@Abhikkumarray 26 күн бұрын

thank you ji, nicely explained.

@ajayagarwal7689 4 күн бұрын

Very nicely explained Sir, thank you ao much

@shankarabli47 Ай бұрын

Nice sir.. Very good clear information 👍🙏

@JaxParivar 2 ай бұрын

Thanks Vivek.. it will really help me to file ITR .. ❤

@motilalsonssubhashmarg5829 3 күн бұрын

very good video for ITR2 Explanation

@SuperGuideInformationBroadway 14 күн бұрын

After entering details in schedule of capital gain next schedule 112A didn't get automatically confirmed

@Craftyboss24 3 күн бұрын

Best video on itr 2 explaination among i have seen

@anirbanpatra6898 6 күн бұрын

Thank you so much Sir,

@kpatil3108 22 күн бұрын

Highly recommended

@Amankhan___ 26 күн бұрын

Thankyou so much 💖

@rpverma6602 6 күн бұрын

you are great sir.

@manishprasad7152 Ай бұрын

Sir aapne bahot aache tarike se or step by step calculations k sath point to point clear kiya h Mai iss video se helpful rha Ek request h aap yahi video old tax regime pr banaye soon Thanks sir....!

@indrajeetsharma5688 2 ай бұрын

Thanks Fintax pro team and Vivek Bhai always share latest topic details video in easy way

@FinTaxPro 2 ай бұрын

Always welcome

@JaxParivar 2 ай бұрын

Agreed.. last time also file my ITR as per FinTax Pro's video.

@Tubai808 2 ай бұрын

Thankyou sir

@heyritesh017 24 күн бұрын

thank you very much !!

@rahulverma-lz1hi 19 күн бұрын

Thank you

@AKSAKS60 5 күн бұрын

Great

@pradeepjoshi3230 2 ай бұрын

Thank sir ji

@viveklion 2 күн бұрын

Could you plz upload or link video for foreign income through dividend and capital gain. Thank you.

@SanketBhat7 8 күн бұрын

Hi, I searched for videos in your channel but could not find video on ITR for Income from Foreign Asset. Can you link the video here ? Or is it not uploaded yet?

@mohitsharma0007 2 ай бұрын

Gstr-1 amendment in b2c 2018-19 after due date because portal allowed to do that in march 2020 gstr 1 on dated 31.7.20. Office didnt accept this and says they did not accept that amendment coz after due date is over. Whats is the solution regarding this in uttarpradesh.

@Ansh-vajra 2 ай бұрын

Thanks ...

@snthakare 2 ай бұрын

Very useful video. Sir please make video for ITR 3 also. Thanking you.

@jayantakumarsarkar3689 2 күн бұрын

I sold some of my equity stocks in the FY 2023-24 which were purchased prior to 01-01-2018. Can I get Indexation benefit while file my ITR ?

@kaushikparmar1742 2 күн бұрын

Best vidio on ITR filing sale on property.... I want your advice parsonally....how can I got it...

@TheBossOPZ Ай бұрын

Sir, I have income from salery, equity shares and also I am having income from commission from LIC agency. Where to show commission and other income?

@subrahmanyampenjarla3596 2 ай бұрын

Good Informative and detailed video. I have one question, I am filing ITR2 due to stock market capital gains in LTCG or STCG. But mistakenly once bought in Intraday instead of delivery and end up with squared off those transactions by trading account and got loss of approx -300 Rs. So and after that very careful and never invested in intraday. So now shall I continue and file tax under ITR2 as usual and ignore Intraday losses of -300 Rs ? Or should I supposed to file ITR3 only due to Intraday transactions? Please advise.

@ILOVEMAAA 2 ай бұрын

Brother I think you do this but as we know Tax act not understand this act as a mistake. But IT department never looks so deeply in such small tax payers cases like us. So you go with itr 2 in my opinion. But any law can't give you this power to do such things legally. Sorry if any mistake from my side . I just say my opinion brother. And FINTAX brother more clarify this for us

@ILOVEMAAA 2 ай бұрын

My filing of ITR also totally relied relied on FINTAX PRO's videos . Very Few videos on KZfaq that show this level of genuineness and clarity. I have only a request to FINTAX PRO from the behalf of all of us ( your followers) please provide some compulsory ITR related Excel sheets like Computation sheet etc here. Thanks

@sonikaprksh Ай бұрын

Same mistake I have done.. only once I have done intraday...

@kuldeepgautam235 16 күн бұрын

thank you sir, but an error at the time of validation. which is not understood. That is "In schedule salary, at srl no. 3 'exempt allowance ' no drop down can be selected more than once"

@pankajgupta6503 16 күн бұрын

Hi all, I'm filling itr2 to show LTCG. But the LTCG income is getting added with salary income. So it means LTCG is added as taxable income even though 10% tax is charged???

@mastiandtech6414 Ай бұрын

I have taken one intraday trade and rest is delivery ....so in that case i should file itr3 or itr 2 ??

@72yogendra 2 ай бұрын

Nice sir

@atanugoswami2259 4 күн бұрын

If I have both share and mutual fund LTCG, where to show and how ?

@vasanthamadhavs9248 8 күн бұрын

Good video. Sir, my EPF contribution is less than 2.5 LPA. Should I need to disclose the interest earned on their PF accounts in ITR filing ?

@saminsk2186 17 күн бұрын

Sir agar form. 16 new regime se prepared hai to kya hum ITR filling old regime se bhar sakte hai. Please reply..

@jayantketkar8711 Ай бұрын

Very informative video Sir ! Can you please advise how to show intraday profit/ loss ( this is accidental ) & long term buyback gain as also loss on shares bought before 31st Jan 2018.

@dksahu1422 9 күн бұрын

where to mention the taxable epf interest in itr-2 under which section

@trilochande5649 7 күн бұрын

Where to show leave encashment on retirement?

@shailendrameher 11 күн бұрын

Hello Sir, In my case all of these are falling as per ITR-2, in addition I have a loss from F&O where shall I report the same. I don't have business income so I can not fileITR-3. plz advise.

@nandkishoradhatrao1045 10 күн бұрын

Thanks sir Where to show buyback of shares

@DharmendraModi-yc9uv 12 күн бұрын

Can a disabled person claim transport allowance in the new regime? And how much? Please let me know if there is any other deduction available to a disabled person?

@maritube123 9 күн бұрын

Nice! Can you please prepare such a video for ITR-2 NRI?

@SumitSingh-ns7mp 12 күн бұрын

My trade date was 28/03/2024 and settlement date is 2/04/2024 for a trade in which I booked short term and long term profit my broker app showing profit in this year as per trade date but my Ais is not showing those transection as settlement date lie in next financial year (so that might be possible ki wo next year ki Ais me reflect hoga )as per settlement date Quary 1)Mujhe above transaction ko is saal ki itr me as per trade date show Krna chahiye ya next year ki as per settlement date 2)ager ise saal ki itr me show krta hun toh next year ki Ais me wo transactions saari reflect hogi as per settlement date TB mujhe next year ki Ais me feedback submit Krna padega pls guide

@loveyogi2259 2 күн бұрын

Sir yadi koi company dimerg ho jati h or share account me aate h or ham same time sell kar dete h to short term hota h ya long term isme cost of acquisition to zero hi hota h isme hamari to koi galti bhi nahi rahti h fir bhi short term me tex dena padta h ya long term hi hoga

@malharraodeshpande2196 Ай бұрын

section 10(15)(i) post office सेविंग account का interest 3500 तक exempt होता हैं वो new tax regime में ले सकते हैं क्या

@babandhore65 16 күн бұрын

In share market you have not mentioned any ribet on profit.is there any ribet or not pse mention.tks

@yogeshkumarvarmora6939 20 күн бұрын

Buyback of shares को itr में केसे कहा दिखा ना हे ये बताये सर 10(34a) itr मे मील नहीं रहा स्टेप बाइ स्टेप बताये

@DharmendraModi-yc9uv 12 күн бұрын

Dear sir, Can a disabled person claim transport allowance in the new regime? and how much? Please let me know if there is any other deduction available to a disabled person?

@ashwinisawant9120 Ай бұрын

in case of NR...income recvd in India as a salary from foreign employer....then How to enter address details as only Indian address can be entered their???

@VishalPatel-os7ps 9 күн бұрын

Please make a video about how to show BUYBACK OF SHARE CAPITAL GAIN IN ITR -2

@kankan2003 Күн бұрын

My total income (salary+short time gain) is 690000. But itr file karne ke time short term gain k liye tax liabilty dikha raha hain. 87a me to zero liabilty hona chaiye as per new tax regime. Can Anyone explain?

@anshusharma4454 17 күн бұрын

How to report sale of joint property in capital gain tax. There is no option to mention your share of property like its there in schedule House property to report income from rental . Would appreciate if you can guide on this or make video. I have checked so many ITR2 video no one covered this scenario.

@rajaramhawaldar4822 Ай бұрын

In this there is no mention of AIS. Why?

@Abhikkumarray 28 күн бұрын

How to add short term and long term capital gains in 111A and 112A with stocks

@ramaraonvs1032 12 күн бұрын

HOW TO SHOW STOCK TRADE SACTIONS IF THEY ARE MORE THAN 1500 ENTRIES

@MrShivpal6 2 ай бұрын

Sir mai equity, intraday, F&O and commodity mei trade krta hu islyie maine pishle saal ITR 3 fill kri thi, Iss saal bhi maine en sabhi mei trading ki hai pr loss mei raha, kya mai iss saal ITR 2 fill kr du? Because of three reasons 1) mai ITR 3 mei loss show nhi karna chahta 2) maine next year se F&O, intraday mei trading krna band kr raha hu. 3) ITR 3 is very complicated

@ANURAGSINGH-mf5cf 2 ай бұрын

I have accidently sold the shares on the same day and made a loss of 135. I am not a trader. I am a salaried person and I invest in stocks for long term. For above 135 still I have to fill ITR form 3 or I just fill ITR 2

@cherusseril5106 25 күн бұрын

Bhaisaab kita shareef ho!!!

@sharegyan2015 Ай бұрын

Mera tds miss match kr rha h.... jo already fill h aur jo 26as me h

@adikandasenapati3572 Ай бұрын

How to show buyback exemption

@altafpasha9904 5 күн бұрын

If a pensioner has two house rental income in same building which ITR HAS TO BE FILE

@sunnybhandariskp Ай бұрын

My LTCG of share market is 4 lakh. Kindly guide how to take 1lakh ltcg benefit. As when i am filling itr 2 system is calculated ltcg tax on 4 lakh. Kindly guide. As per rule it should be calculate on 3 lakh

@dipankargiri5556 23 күн бұрын

I am salaried employee. I have loss in F&O. I don't want to show this in tax return. So l choose ITR 1. Can l do it?

@nitingayakwadpatil5446 20 күн бұрын

Notice 139(9) issue how to rectify i have 16 number from and partial withdrawal of sip mf but file itr 1

@manishprasad7152 Ай бұрын

Sir maine 23-24 financial year me after 4yrs SIP close kee thi.....toh SIP CLOSE krne pr Mujhe 1lakh 3k ke around amount mila tha or mai central government employee v toh mujhe ITR-2 FILE krna chahiye ya ITR-1 file krne se v ho jyga kyukee SIP(MUTUAL FUND) 1lakh tak toh tax exempt hota hai ? pls clear this confusion in details if possible

@bahubali.v.patil1 17 күн бұрын

Capital gains of up to Rs 1 lakh a year are tax-exempt. Any long-term capital gains exceeding this limit attract LTCG tax at 10%, without indexation benefit. Please include this in the video.

@mohanpoojary7642 5 күн бұрын

I want to file ITR 2 can you help. Where is your office

@vijaywaghamode812 18 күн бұрын

Namaste sir ! मेने share transfer किये थे l मेरे AIS मे off market debit transaction दिखा रहा है वो ITR 2 मे कहा दिखाये...... दिखाना जरुरी है या नहीं ???? Please

@Avinash76330 2 ай бұрын

ITR 3 video please ❤

@FinTaxPro 2 ай бұрын

ITR Online filing is not started yet.

@marufkhan9872 2 ай бұрын

Sir please make itr 3

@shaikmasthan5271 2 ай бұрын

First of all, thanks for the detailed video... I have a doubt: If I invest in stocks and MF but not sell any of them in the FY, then I need to select the ITR which have Captial Gain income ?? My opinin : As there is no sell(and divident) in the FY, Captial Gain is not applicable. Therefore ITR 1 (remaining conditions of ITR 1 meeting) is sufficient to file the return.

@FinTaxPro 2 ай бұрын

Point of taxation arises when share transfer. So you can file ITR 1

@TheAntriksh 2 ай бұрын

Sir, i want to claim deduction under section 54F for construction of first floor, can i do that?? Also while filling for deduction under section 54F, there's mandatory column for account number and IFSC, what to fill here because i haven't deposited money in capital gains account scheme instead used the capital gains amount in construction of house property in the same FY..please guide🙏

@caanitabhadra9138 2 ай бұрын

Leave the Tab Blank “ Amount invested in Capital Gain Scheme” Even if you enter Zero , it will ask for details like Acct Number etc.

@cherusseril5106 25 күн бұрын

If you didn't deposit money in cgas , you cannot avail 54F😂

@Sidd_0710 3 күн бұрын

Your total Income is under 7Lakhs. As per new scheme rebate u/s 87A of rs25000 can be claimed. you have not taken so. PLEASE GIVE CLARIFICATION ON THE SAME

@PawanKumar-oi7nu 15 күн бұрын

Aap apne words ka meaning bhi bta diyo jes letout property kise kahate ha

@Clip7320 2 ай бұрын

Sir, Agar income tax ki site par register kar login kar diya to kya ab har sal itr bharni hogi kya. (I am a student so no salary only share market se profit book wo bhi 2.5 lakh exemption limit se Kam hi)

@FinTaxPro 2 ай бұрын

Profit to kam h but aapki transactions AIS m show how rahi hogi so i would highly recommend to file ITR.

@Clip7320 2 ай бұрын

@@FinTaxPro or sir agar Mai register kar login na karta to nahi bharni padti

@keshavkaiwart3424 4 күн бұрын

Real state ka business hai sale purchase ka transaction jada jada amount ka hai to ye proprietor ship firm bana ke karna chahiye without GST ya partnership firm bana ke firm registration and pan card bana ke

@SAGARMODI-ko8jf 26 күн бұрын

LONG TERM CAPITAL GAIN IS TAXABLE ONLY OF IT EXCEEDING 1 lakh ..But there is Not any Provision in ITR for It

@kuchbhi5904 2 ай бұрын

Sir , I am CA Finalist so theoretically I have already learned Income tax and Indirect Taxes Provisions but my Articleship is not that good . I am facing difficulties in practical application of ITRs , GSTRs , Cases , Replies , Certificates etc etc . I just need a course with just practical application on portal / Computax / Tally and no theory. Can you please suggest me one .

@ganpatilabham589 2 ай бұрын

Sir ke website pe related course available hai.

@CAstudentDelhi Ай бұрын

sir i want to learn more details, if any vacancy in your firm i want to join

@hdpanera1519 Ай бұрын

Sir Maine Home loan interest (house property menu) Dala hai To vo amount gross income mein se deduct hone ke badle Capital gains me carry forward ho jati hai Jis se mera income tax jyada banta hai To Any tips Plz

@jainendrakumar7517 Ай бұрын

Same problem. Any suggestions from expert will be appreciate.

@shreepadgovekar4479 58 минут бұрын

I filled up all the STCG and LTCG details and salary break....i selected new regime. Now tax on my salary is comes out aprox. 16k and stcg is approx 4k....so total is 20k(less than rebate of 25k). But still website is showing me total tax to be paid is 4k and i got only 16k rebate.....pls someone help...is there something i doing wrong or this is how it is calculated???

@ShilpyKumari-om2ey 7 минут бұрын

@@shreepadgovekar4479 hey ...do u have AMT schedule ??

@achalbedmuttha3394 2 ай бұрын

Sir....tally backup ke saath saath dikhana chalu Karo na Please

@kpatil3108 22 күн бұрын

Bss mutual fund add ho jata toh maja aa jata

@Naresh_kumawat_200 2 ай бұрын

Sir ITR 4 ka computation excel file

@guptavipin5196 2 ай бұрын

If stock is in my portfolio as on 31.03.2024 where do we show it?

@FinTaxPro 2 күн бұрын

If they are related to FnO then closing stock Otherwise your can show it under investment.

@user-fh8pm6hv2b Ай бұрын

महोदय, यदि कोई व्यक्ति सोसाइटी में रहता है और सोसाइटी में हर महिने मेंटेनेंस charges जमा करता है तो वह इनकम टैक्स रिटर्न फॉर्म में भरा जा सकता है ,यदि हां तो किस कॉलम में भरेगा ?