File your ITR-2 accurately and
stay compliant with expert tax
filing support from GMH Associates
🟩 Suitable for individuals and HUFs
🟩 Covers capital gains and foreign assets
🟩 Maximum deduction claim assistance
🟩 Accurate and compliant tax filing
🟩 End-to-end filing support
ITR-2 is designed for individuals and HUFs who do not have business income but earn from salary multiple house properties capital gains or foreign assets.
Filing ITR-2 ensures complete income reporting helps claim deductions obtain refunds and maintain compliance with income tax regulations.
ITR-2 is designed for individuals and HUFs who do not have business income but earn from salary multiple house properties capital gains or foreign assets.
Filing ITR-2 ensures complete income reporting helps claim deductions obtain refunds and maintain compliance with income tax regulations.
Benefits
Benefits
Tax Comparison
Sole Proprietorship
vs Others
Tax Rate
Individual income tax slabs
ranging from 0% to 30%.
Minimum Tax
No tax payable up to
₹2.5 lakhs of income.
Expense Deduction
Business-related expenses
are fully allowed.
Advance Tax
Applicable if total tax
liability exceeds ₹10,000.
Audit Requirement
Audit required only if
turnover exceeds limits.
Tax Rate
Flat tax rate of
30% on total income.
Minimum Tax
Taxable irrespective of
partner’s personal income.
Expense Deduction
Business expenses
are allowed as deductions.
Advance Tax
Advance tax payment
is applicable.
Audit Requirement
Audit generally required
as per applicable rules.
Tax Rate
Corporate tax at 25%
for turnover below ₹400 cr.
Minimum Tax
Taxable regardless of
dividend distribution.
Expense Deduction
Business expenses
are allowed.
Advance Tax
Advance tax payment
is mandatory.
Audit Requirement
Statutory audit is
mandatory every year.
Tax Rate
Individual income tax slabs
ranging from 0% to 30%.
Minimum Tax
No tax payable up to
₹2.5 lakhs of income.
Expense Deduction
Business-related expenses
are fully allowed.
Advance Tax
Applicable if total tax
liability exceeds ₹10,000.
Audit Requirement
Audit required only if
turnover exceeds limits.
Tax Rate
Flat tax rate of
30% on total income.
Minimum Tax
Taxable irrespective of
partner’s personal income.
Expense Deduction
Business expenses
are allowed as deductions.
Advance Tax
Advance tax payment
is applicable.
Audit Requirement
Audit generally required
as per applicable rules.
Tax Rate
Corporate tax at 25%
for turnover below ₹400 cr.
Minimum Tax
Taxable regardless of
dividend distribution.
Expense Deduction
Business expenses
are allowed.
Advance Tax
Advance tax payment
is mandatory.
Audit Requirement
Statutory audit is
mandatory every year.
Registration Process
Registration Process
Post-Registration Compliances
Post-Registration Compliances
Complete e-verification within
prescribed time
Track refund status
through tax portal
Preserve filing documents
for future reference
Respond promptly to
departmental notices
File returns before
due dates every year
Complete e-verification
within prescribed time
Track refund status
through tax portal
Preserve filing documents
for future reference
Respond promptly to
departmental notices
File returns before due
dates every year
Common Mistakes to Avoid
Common Mistakes
to Avoid
Using incorrect return form
may cause rejection
Unreported gains may
trigger tax notices
Incomplete reporting can
lead to penalties
Unsupported claims may
attract scrutiny later
Unverified returns remain
incomplete and invalid
Late submission may
result in penalties
Using incorrect return form
may cause rejection
Unreported gains may
trigger tax notices
Incomplete reporting can
lead to penalties
Unsupported claims may
attract scrutiny later
Unverified returns remain
incomplete and invalid
Late submission may
result in penalties
If you need immediate assistance, please call:
Share a few details with us, and one of our compliance specialists will get in touch shortly.
We’ll guide you through the entire process — from selecting the right business structure to completing registrations and filings — free of charge.
If you need immediate assistance, please call:
Share a few details with us, and one of our compliance specialists will get in touch shortly.
We’ll guide you through the entire process — from selecting the right business structure to completing registrations and filings — free of charge.
Individuals and HUFs with salary income, multiple properties, capital gains, foreign assets, or agricultural income above ₹5,000.
Declare them in Schedule FSI with supporting documents and claim eligible foreign tax credits.
Sections 80C, 80D, 80G, 24(b), NPS contributions and other eligible deductions.
Late filing may attract penalties and interest on unpaid taxes.
Yes, revised returns can be filed within the permitted timeline.
Yes, the return is incomplete until successfully verified.