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These instructions are guidelines for filling the particulars in Income-tax Return Form-2 for the Assessment Year 2019-20 relating to the Financial Year 2018-19. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Income-tax Rules, 1962.
1.Assessment Year for which this Return Form is applicable
This Return Form is applicable for assessment year 2019-20 only, i.e., it relates to income earned in Financial Year 2018-19.
2.Who is eligible to use this Return Form? ?
This Return Form is to be used by an individual or a Hindu Undivided Family (HUF) who is not eligible to file Form ITR-1 (Sahaj) and who is not having any income under the head ―Profits or gains of business or profession.
3.Who is not eligible to use this Return Form?
This Return Form should not be used by an individual whose total income for the Assessment Year 2019-20 includes Income under the head ―Profits or Gains of Business or Profession.
4.Manner of filing this Return Form
This Return Form can be filed with the Income-tax Department electronically on the e-filing web portal of Income-tax Department (www.incometaxindiaefiling.gov.in) and verified in any one of the following manner –
digitally signing the verification part, or
authenticating by way of electronic verification code (EVC), or
by sending duly signed paper Form ITR-V (Acknowledgment) by post to CPC at the following address –
―Post Bag No. 1, Electronic City Office, Bengaluru— 560500,
The Form ITR-V should reach within 120 days from the date of e-filing the return.
5.Obligation to file return
Every individual or HUF whose total income before allowing deductions under Chapter VI-A of the Income-tax Act, exceeds the maximum amount which is not chargeable to income tax is obligated to furnish his return of income. The claim of deduction(s) under Chapter VI-A is to be mentioned in Part C of this Return Form. The maximum amount not chargeable to income-tax for Assessment Year 2019-20, in case of different categories of individuals and HUF is as under:-
Amount (in Rs.)
In case of an individual who is below the age of 60 years or a Hindu Undivided Family (HUF)
In case of an individual, being resident in India, who is of the age of 60 years or more at any time during the financial year 2018-19 but below the age of 80 years.
In case of an individual, being resident in India, who is of the age of 80 years or more at any time during the
financial year 2018-19.