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

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  • Опубликовано: 3 июл 2024
  • 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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    Disclaimer- Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. We hereby provide our point of view only and tax matters are always subject to frequent changes hence advisory is only for the benefit of the general public. Hence neither Fintaxpro Advisory LLP nor its designated partner is liable for any consequence that arises on the basis of RUclips videos.
    Copyright Disclosure - As per Sec 52 of The Copyright Act,1957 Fintaxpro Advisory LLP shared this video with a clear objective to educate the public at large and thus constitute the fair dealing with content for the purpose of reporting of current events and current affairs, including the reporting of a lecture delivered in public
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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

Комментарии • 107

  • @ranjitsaha6646
    @ranjitsaha6646 Месяц назад

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

  • @user-sp7wx3on8i
    @user-sp7wx3on8i 7 дней назад +1

    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....

  • @RUDRA0058
    @RUDRA0058 3 дня назад

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

  • @understandthewordsfeelthes3036
    @understandthewordsfeelthes3036 2 месяца назад

    Thanks for Sharing Latest Updates👍👌

  • @lokeshdevadiga141
    @lokeshdevadiga141 2 месяца назад

    Tq very much sir detailed information..

  • @shaguftashaikh919
    @shaguftashaikh919 3 дня назад

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

  • @AnilKumar-po2ls
    @AnilKumar-po2ls 16 дней назад

    Thanks for your kind information....

  • @JaxParivar
    @JaxParivar 2 месяца назад

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

  • @hariom605
    @hariom605 2 месяца назад

    nice video simple and understandable👍

  • @khznm2174
    @khznm2174 2 месяца назад

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

  • @kpatil3108
    @kpatil3108 16 дней назад

    Highly recommended

  • @madhusudantandon
    @madhusudantandon 12 дней назад +1

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

  • @biplabparida9223
    @biplabparida9223 13 дней назад

    Awesome video with useful information

  • @Abhikkumarray
    @Abhikkumarray 21 день назад

    thank you ji, nicely explained.

  • @sureshnegi1769
    @sureshnegi1769 2 месяца назад +1

    Well done thanks❤❤

  • @shrinivasbakre9676
    @shrinivasbakre9676 2 месяца назад

    Thanks for information

  • @rpverma6602
    @rpverma6602 21 час назад

    you are great sir.

  • @shankarabli47
    @shankarabli47 Месяц назад

    Nice sir.. Very good clear information 👍🙏

  • @Amankhan___
    @Amankhan___ 21 день назад

    Thankyou so much 💖

  • @anirbanpatra6898
    @anirbanpatra6898 День назад

    Thank you so much Sir,

  • @heyritesh017
    @heyritesh017 18 дней назад

    thank you very much !!

  • @Tubai808
    @Tubai808 2 месяца назад

    Thankyou sir

  • @pradeepjoshi3230
    @pradeepjoshi3230 Месяц назад

    Thank sir ji

  • @rahulverma-lz1hi
    @rahulverma-lz1hi 13 дней назад

    Thank you

  • @manishprasad7152
    @manishprasad7152 Месяц назад

    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....!

  • @snthakare
    @snthakare 2 месяца назад

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

  • @Ansh-vajra
    @Ansh-vajra 2 месяца назад

    Thanks ...

  • @indrajeetsharma5688
    @indrajeetsharma5688 2 месяца назад +2

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

    • @FinTaxPro
      @FinTaxPro  2 месяца назад

      Always welcome

    • @JaxParivar
      @JaxParivar 2 месяца назад +2

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

  • @AKSAKS60
    @AKSAKS60 4 часа назад

    Great

  • @maritube123
    @maritube123 4 дня назад

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

  • @VishalPatel-os7ps
    @VishalPatel-os7ps 3 дня назад

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

  • @72yogendra
    @72yogendra 2 месяца назад

    Nice sir

  • @SuperGuideInformationBroadway
    @SuperGuideInformationBroadway 8 дней назад +1

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

  • @jayantketkar8711
    @jayantketkar8711 29 дней назад

    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.

  • @SanketBhat7
    @SanketBhat7 2 дня назад

    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?

  • @vasanthamadhavs9248
    @vasanthamadhavs9248 3 дня назад

    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 ?

  • @nandkishoradhatrao1045
    @nandkishoradhatrao1045 4 дня назад

    Thanks sir
    Where to show buyback of shares

  • @mastiandtech6414
    @mastiandtech6414 28 дней назад

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

  • @mohitsharma0007
    @mohitsharma0007 2 месяца назад

    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.

  • @MrShivpal6
    @MrShivpal6 2 месяца назад

    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

  • @TheBossOPZ
    @TheBossOPZ Месяц назад

    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?

  • @saminsk2186
    @saminsk2186 12 дней назад

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

  • @yogeshkumarvarmora6939
    @yogeshkumarvarmora6939 14 дней назад

    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

  • @trilochande5649
    @trilochande5649 День назад

    Where to show leave encashment on retirement?

  • @SumitSingh-ns7mp
    @SumitSingh-ns7mp 6 дней назад

    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

  • @dksahu1422
    @dksahu1422 3 дня назад

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

  • @manishprasad7152
    @manishprasad7152 Месяц назад

    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

  • @pankajgupta6503
    @pankajgupta6503 11 дней назад

    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???

  • @adikandasenapati3572
    @adikandasenapati3572 Месяц назад

    How to show buyback exemption

  • @Abhikkumarray
    @Abhikkumarray 23 дня назад

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

  • @shailendrameher
    @shailendrameher 5 дней назад

    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.

  • @marufkhan9872
    @marufkhan9872 2 месяца назад

    Sir please make itr 3

  • @guptavipin5196
    @guptavipin5196 2 месяца назад

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

  • @subrahmanyampenjarla3596
    @subrahmanyampenjarla3596 2 месяца назад +7

    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
      @ILOVEMAAA 2 месяца назад +3

      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
      @ILOVEMAAA 2 месяца назад +2

      My filing of ITR also totally relied relied on FINTAX PRO's videos . Very Few videos on RUclips 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
      @sonikaprksh Месяц назад +1

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

    • @kuldeepgautam235
      @kuldeepgautam235 10 дней назад

      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"

  • @babandhore65
    @babandhore65 10 дней назад

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

  • @anshusharma4454
    @anshusharma4454 12 дней назад

    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.

  • @malharraodeshpande2196
    @malharraodeshpande2196 Месяц назад

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

  • @DharmendraModi-yc9uv
    @DharmendraModi-yc9uv 7 дней назад

    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
    @ashwinisawant9120 25 дней назад

    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???

  • @bahubali.v.patil1
    @bahubali.v.patil1 11 дней назад

    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.

  • @dipankargiri5556
    @dipankargiri5556 17 дней назад

    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?

  • @DharmendraModi-yc9uv
    @DharmendraModi-yc9uv 7 дней назад

    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?

  • @Avinash76330
    @Avinash76330 2 месяца назад

    ITR 3 video please ❤

    • @FinTaxPro
      @FinTaxPro  2 месяца назад

      ITR Online filing is not started yet.

  • @sharegyan2015
    @sharegyan2015 Месяц назад

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

  • @sunnybhandariskp
    @sunnybhandariskp Месяц назад

    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

  • @rajaramhawaldar4822
    @rajaramhawaldar4822 Месяц назад

    In this there is no mention of AIS. Why?

  • @shaikmasthan5271
    @shaikmasthan5271 2 месяца назад

    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
      @FinTaxPro  2 месяца назад +1

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

  • @ramaraonvs1032
    @ramaraonvs1032 6 дней назад

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

  • @achalbedmuttha3394
    @achalbedmuttha3394 2 месяца назад

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

  • @vijaywaghamode812
    @vijaywaghamode812 12 дней назад

    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

  • @mohanpoojary7642
    @mohanpoojary7642 5 часов назад

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

  • @CAstudentDelhi
    @CAstudentDelhi Месяц назад

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

  • @PawanKumar-oi7nu
    @PawanKumar-oi7nu 9 дней назад

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

  • @SAGARMODI-ko8jf
    @SAGARMODI-ko8jf 21 день назад

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

  • @ANURAGSINGH-mf5cf
    @ANURAGSINGH-mf5cf 2 месяца назад +2

    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

  • @Naresh_kumawat_200
    @Naresh_kumawat_200 2 месяца назад

    Sir ITR 4 ka computation excel file

  • @kpatil3108
    @kpatil3108 16 дней назад

    Bss mutual fund add ho jata toh maja aa jata

  • @kuchbhi5904
    @kuchbhi5904 2 месяца назад

    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
      @ganpatilabham589 2 месяца назад

      Sir ke website pe related course available hai.

  • @M.O.N.E.Y.
    @M.O.N.E.Y. 2 месяца назад

    16:59 AMC Charges are not included in itr. Only DP charges are applicable

    • @FinTaxPro
      @FinTaxPro  2 месяца назад

      They should include while filing ITR 3

    • @FinTaxPro
      @FinTaxPro  2 месяца назад

      Yes in Capital gain i can agree

  • @user-fh8pm6hv2b
    @user-fh8pm6hv2b Месяц назад

    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 ?

  • @TheAntriksh
    @TheAntriksh 2 месяца назад

    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
      @caanitabhadra9138 2 месяца назад

      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
      @cherusseril5106 20 дней назад

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

  • @nitingayakwadpatil5446
    @nitingayakwadpatil5446 15 дней назад

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

  • @hdpanera1519
    @hdpanera1519 Месяц назад

    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
      @jainendrakumar7517 27 дней назад

      Same problem. Any suggestions from expert will be appreciate.

  • @Clip7320
    @Clip7320 2 месяца назад

    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
      @FinTaxPro  2 месяца назад

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

    • @Clip7320
      @Clip7320 2 месяца назад

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

  • @cherusseril5106
    @cherusseril5106 20 дней назад +1

    Bhaisaab, indexation is automatically calculated by the ITR. Aap kounsa duniya mei ho?

  • @VijaySingh-nu8gb
    @VijaySingh-nu8gb 14 дней назад

    Sir can you share exell copy

  • @ramdassridhar1016
    @ramdassridhar1016 Месяц назад

    Very informative and Thankyou. Still i would like to get your support to file my ITR2 please guide with your email to contact you.

    • @FinTaxPro
      @FinTaxPro  Месяц назад

      Please check description sir.