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

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 YouTube videos.

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©️Fintaxpro Advisory LLP

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

[rajendralokhande-hz]

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....

[indrajeetsharma]

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

[subrahmanyampenjarla]

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.

[madhusudantandon]

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

[ullekhajain]

Thank You So Much for such detailed video on filing. It really educated me for Self Assessment. Keep up the good work..

[Creative_panda_]

Best video on itr 2 explaination among i have seen

[lokeshdevadiga]

Tq very much sir detailed information..

[avchavan]

Thank you so much for the detailed video and guidance. Post watching, it enabled me to filled ITR 2 easily… 🙂🙏

[FamilyJax]

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

[samridhikapoor]

Thanks for posting such an informative video.

[urluvvishnu]

What an explanation bro, you made my you...❤❤❤❤❤❤❤❤

[shaguftashaikh]

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

[manishprasad]

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....!

[ajayagarwal]

Very nicely explained Sir, thank you ao much

[RUDRA]

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

[KaileshHambireIJ-G-]

Thank you very much for this informative video.

[ranjitsaha]

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

[khznm]

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

[SanjogMehta]

Thanks for this video, it is probably the most Comprehensive video on filing ITR-2. Can we add Smallcase subscription charges to - Expense related to transfer (other than STT)???

[shankarabli]

Nice sir.. Very good clear information 👍🙏