A new income tax return ITR-2A has been released by the CBDT. This new form is similar to ITR-2 but is much shorter. Mostly filers who filed ITR-2 but had no capital gains shall file be moving to this new form.



Here are the main highlights of the new ITR- 2A form –

•This form is applicable for those who have salary income and own more than one house property but DO NOT have any capital gains

•However, those who have Long-term capital gains from transactions on which Securities Transaction Tax (STT) is paid (these long term capital gains are exempt from tax) can still use this income tax return form.

•ITR-2A has a field for mentioning passport number (this field has been skipped from ITR-1)

•All the new ITR Forms including ITR-2A ask for quoting aadhaar number, if the tax payer has one.

•Bank account details such as IFS code, name of the bank, account number, whether it’s a savings or a current account are required. It is not mandatory to provide details for dormant accounts.

•NRIs can file ITR-2A if applicable.



Some tax payers cannot file ITR-2A –

•Those who have earned Income from Capital Gains

•Those who have Income from Business or Profession

•Have any claim of relief/deduction under section 90, 90A or 91

•Residents having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India

•Any resident having income from any source outside India