Itr 2: Fill & Download for Free

For the AY 2017–18, I efiled ITR 1 for four and ITR 2 for two of my family members and friends (total 6 ITRs).By the end of August, 2017 the following cases were processed and completed.One (ITR 1) with no refundThree (ITR 1) with refundsBut two (ITR 2) with refunds are still pending as of today (22/10/17).Will update when I get the refund.Edit 1 : Got refund in one ITR 2 .ITR 2 filed on 25/07/2017 and refund received on 31/10/2017. Now just one ITR 2 filed on 27/07/2017 is pending. Will update when I get refund.Edit 2 :(27/05/2018)Received email from I.T department for the pending ITR 2 under section 143(1)Revised ITR 2 with necessary corrections filed on 24/05/2018.The corrections has not altered the “refund due” status. Wait for refund continues.Edit 3 : (15/06/2018)Got email on 12/06/2018 from cpc that ITR is processed.Thus all the ITRs filed by me for the AY 2017–18 were processed. The delay in processing of the one ITR 2 was due to clarification required by I.T and on submission of revised ITR 2 clarifyin the issue raised, the same also got processed successfully.Edit 4 : (29/06/2018)The refund amount is credited to my bank account this week.Nothing is pending now.

Hi!The ITR form a taxpayer should file depends on their income situation.The income tax department has prescribed 7 different ITR forms for different income situations. The taxpayer has to choose the ITR form that is applicable to them for a particular financial year.The most common ITR Forms used are:ITR 1: For individuals having income up to INR 50,00,000 from salary/pension, house property and interest in a financial year. [1]ITR 2: For individuals / HUF(Hindu Undivided Family) having income from salary/pension, house property, capital gains, interest and partner’s income form a partnership firm.[2]ITR 3: For individuals / HUF having income from salary/pension, capital gains, interest and income from proprietary business or profession[3]ITR 4: For individuals / HUF / Partnership firms having income from presumptive business or profession.[4]Know which ITR Form you should file for this Assessment yearFootnotes[1] ITR-1 (SAHAJ) Form for Salaried Individuals | Help Center | Quicko[2] ITR-2 Form for Income from Capital Gains | Help Center | Quicko[3] ITR-3 Form for Income from Business or Profession | Help Center | Quicko[4] ITR-4 (SUGAM) Form for Presumptive Taxation Scheme | Help Center | Quicko

Long Term Capital Gains tax (LTCG) needs to be file by an investor while filing the income tax returns. It will not be deducted automatically from stocks/mutual funds. Investors can either provide transaction wise details or enter the aggregate capital gains/loss while filing their taxes.For this purpose, the income tax department inserted a schedule 'Section 112A' in ITR-2 to capture transaction-wise details of all sale transactions of listed equity shares or equity-oriented mutual funds where the gains are long term in nature.To report LTCG in ITR-2, the taxpayers have two options:a) Insert details in 'Section 112A schedule' with details such as ISIN No, name of the share and so on as mentioned above, or;b) Calculate the capital gains for each transaction and enter the aggregate amount directly in 'CG' schedule (Part B- 4) of the ITR-2 form.Furthermore, even if your LTCG does not exceed Rs 1 lakh in a financial year, then to you are required to report such gains while filing your ITR.