ITR-2 is the Income Tax Return form applicable to Individuals and Hindu Undivided Families (HUFs) who do not have income from business or profession but have more complex income sources than those covered under ITR-1.
For Assessment Year (AY) 2026-27, the Central Board of Direct Taxes (CBDT) has notified the revised ITR-2 form with several important disclosure and reporting changes.
ITR-2 is applicable for:
You cannot file ITR-2 if:
The revised ITR-2 now includes additional reporting requirements for:
CBDT has also simplified certain capital gains disclosures compared to earlier forms.
New fields have been introduced for:
These changes are aimed at improving communication between taxpayers and the Income Tax Department.
The updated form now captures:
Additional disclosures have been introduced for:
| Particulars | Due Date |
|---|---|
| Original Return Filing | 31 July 2026 |
| Belated Return | 31 December 2026 |
| Revised Return | 31 March 2027 |
| Updated Return (ITR-U) | Up to 31 March 2031 |
The revised return deadline has been extended to 31 March 2027 for AY 2026-27.
Although the new Income Tax Act, 2025 has come into force from April 2026, returns for AY 2026-27 relating to FY 2025-26 will continue to be governed by the Income Tax Act, 1961.
Official filing portal: Income Tax e-Filing Portal
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