ITR-2 Return Filing Registration In Hyderabad
File your ITR-2 with complete accuracy and expert assistance from Gajjala Associates Hyderabad’s trusted tax and legal advisory firm. Whether you have multiple income sources, capital gains, or own foreign assets, we simplify the entire return filing process with precision and compliance.
- Expert Filing for Individuals & HUFs with Complex Incomes
- Includes Capital Gains, Multiple Properties & Foreign Assets
- Accurate Reporting of Dividends, Interest & Other Sources
- Support for Deductions Under Sections 80C, 80D & More
- PAN-Linked ITR-2 Preparation & Timely Submission
- Assistance with Income Tax Queries & Compliance
- End-to-End Online Registration Support
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Overview
Filing your Income Tax Return (ITR-2) can be complex, especially if you have multiple income sources, capital gains, or own more than one property. At Gajjala Associates, we simplify the ITR-2 filing process for individuals and Hindu Undivided Families (HUFs) in Hyderabad, ensuring accuracy, compliance, and peace of mind. Our team of tax experts ensures your income, deductions, and capital gains are correctly reported while maximizing eligible tax benefits. Whether you're a salaried employee with investments or have foreign assets or rental income, we take care of it all with end-to-end support. Gajjala Associates is your trusted tax filing partner — guiding you through each step with professionalism and ease. OPC combines the simplicity of a sole proprietorship with the legal advantages of a company—such as separate legal identity, limited liability, and continuous existence. It also allows easier access to funding and improved credibility with clients and vendors. Gajjala Associates offers assistance in the registration process of One Person Companies in Hyderabad, ensuring that documentation, compliance, and approvals are handled as per Ministry of Corporate Affairs (MCA) norms.
Eligibility
You are eligible to file ITR-2 if you meet any of the following conditions:
1.You are an individual or Hindu Undivided Family (HUF)
The shareholder’s personal assets remain protected. Liability is limited to the amount invested in the business.
2.Your income is more than ₹50 lakh
An OPC has a separate legal identity from its owner, allowing it to enter contracts, own property, and sue or be sued in its own name.
3. You earn income from salary/pension, more than one house property, or other sources (interest, dividend, etc.)
A single person manages and controls the company, ensuring quicker decision-making and clear business direction.
4.You have capital gains (short-term or long-term) from shares, property, or mutual funds
The company continues to exist even after the death or incapacity of the sole member, through the appointed nominee.
5. You hold foreign assets or earn income from outside India
An OPC has better credibility with banks, financial institutions, and investors compared to unregistered entities.
6. You are a Director in a company (not engaged in business or profession)
There is no mandatory minimum capital requirement to incorporate an OPC.
7. You have investments in unlisted equity shares
Compared to private limited companies, OPCs face fewer regulatory and compliance requirements.
8. You do not earn income from business or profession (if so, ITR-3 is applicable)
Eligible for certain deductions and tax benefits not available to sole proprietors.
Benefits
Filing your ITR-2 return with Gajjala Associates offers multiple financial and legal advantages. Here's why timely and accurate filing is essential:
1. Compliance with Income Tax Laws
Avoid penalties and notices by filing the correct return based on your income type and structure.
2. Accurate Capital Gains Reporting
Properly report gains from shares, mutual funds, and real estate to avoid scrutiny and mismatches.
3. Claim All Eligible Deductions
Maximize tax savings with expert support for deductions under Sections 80C, 80D, 80G, and more.
4. Refund Optimization
Get the tax refunds you deserve through accurate tax computation and claim adjustments.
5. Proof of Income for Financial Needs
ITR acts as proof of income for visa applications, bank loans, credit cards, and more.
6. Avoid Legal Issues
Ensure correct disclosure of foreign assets, dividend incomes, and high-value transactions.
7. Professional Support & Guidance
Gajjala Associates ensures your return is filed correctly, on time, and backed with expert assistance.
Documents Required for ITR-2 Return Filing Registration In Hyderabad
To ensure a smooth and accurate ITR-2 filing process, please keep the following documents ready:
1. Personal Details
- PAN Card
- Aadhaar Card
- Bank Account Details (with IFSC)
- Address Proof
2. Income Documents
- Form 16 (from employer, if salaried)
- Salary slips (if applicable)
- Interest Certificates from banks/post office
- Dividend income details
3.Capital Gains Documents
- Demat account statement (for listed shares/mutual funds)
- Sale/Purchase documents of property or other assets
- Capital gain computation (short-term & long-term)
4.House Property Income
Rent agreement(s)
Municipal tax payment receipts
Interest certificate on home loan
5. Other Income Sources
- Income from other sources (FDs, RD, etc.)
- Dividend statements
- Agricultural income details (if any)
6. Investment & Deduction Proofs
LIC premium, PPF, ELSS, etc. (under 80C)
Medical insurance premium (under 80D)
Donations (under 80G)
Education loan interest, NPS contributions, etc.
7. Foreign Assets/Income
- Details of foreign bank accounts, assets, or income
- Foreign Tax Credit documents
8. Other Supporting Documents
Form 26AS (Tax Credit Statement)
AIS (Annual Information Statement)
TDS Certificates (Form 16A, 16B, etc.)
Registration Process
At Gajjala Associates, we follow a smooth, transparent, and expert-led process to ensure your ITR-2 return is filed accurately and on time:
1. Initial Consultation
Understand your income structure, assets, deductions, and any special filing requirements.
2. Document Collection
Securely collect necessary documents like Form 16, capital gains reports, investment proofs, etc.
3. Income & Tax Analysis
Thorough evaluation of income sources including salary, property, capital gains, foreign income, and deductions.
4. ITR-2 Preparation
Prepare a precise and compliant ITR-2 based on your details and applicable tax rules.
5. Review & Confirmation
Share the draft return for your review. Make any necessary adjustments before final submission.
6. Filing & E-Verification
File the return online through the income tax portal and assist with quick e-verification.
7. Post-Filing Support
Track refund status, provide acknowledgment, and support in case of any notices or updates from the IT department.
Why Choose Gajjala Associates
Gajjala Associates is a trusted name in Hyderabad for tax, accounting, and compliance services delivering expert solutions with integrity and precision. Here’s why individuals across the city rely on us for their ITR-2 filings:
1.Professional Expertise
Our team comprises experienced professionals who understand the intricacies of LLP formation, ROC filings, and legal documentation, ensuring accurate and timely service.
2. End-to-End Support
From DSC, DIN, name approval, to final incorporation and post-registration compliance, we handle the entire LLP registration process with efficiency.
3. Timely Delivery
We value your time. Our streamlined process ensures LLP registration is completed within the committed timelines without delays.
4. Transparent Pricing
No hidden charges. We offer affordable packages with clear cost breakdowns to suit startups, freelancers, and growing businesses.
5. Personalized Assistance
Each client is assigned a dedicated advisor for one-on-one guidance throughout the LLP registration and compliance journey.
6.Local Expertise in Hyderabad
We understand the local business landscape, regulatory environment, and ROC procedures specific to Hyderabad, making us your ideal local partner.
7. Compliance Made Easy
We don’t stop at registration. Our team ensures your LLP stays compliant with annual filings, GST registration, and other legal requirements.
Other Services
- Private limited Company
- Public Limited
- One Person Company Registration
- Partnership Firm Registration
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Frequently Asked Questions (FAQS)
1. What is ITR-2?
ITR-2 is the Income Tax Return form for individuals and Hindu Undivided Families (HUFs) who do not have income from business or profession but may have income from:
- Salary or pension
- Multiple house properties
- Capital gains (sale of property, shares, etc.)
- Foreign income or foreign assets
Dividend or interest income
2. Who should file ITR-2?
You should file ITR-2 if you are an individual or HUF and:
- Have income above ₹50 lakh
- Earn from capital gains
- Own more than one house property
- Have foreign income or foreign assets
- Are a director in a company
Invested in unlisted equity shares
3. Who cannot file ITR-2?
You cannot file ITR-2 if:
- You have income from business or profession
You are required to file ITR-3 (for business/profession income)
4. What documents are required for ITR-2 filing?
You’ll generally need:
- Form 16/16A
- PAN & Aadhaar Card
- Bank account details
- Capital gain statements (from shares, mutual funds, property)
- Form 26AS & AIS
- Investment proofs (80C, 80D, etc.)
- Property-related documents (for rental or sale income)
Foreign asset declarations (if applicable)
5. What is the due date to file ITR-2?
For most individual taxpayers, the deadline is 31st July of the assessment year. If an audit is applicable in other income, it may be on 31st October.
6. What if I miss the ITR-2 filing deadline?
You can file a belated return by 31st December of the assessment year, but late filing fees and interest may apply.
7. How does Gajjala Associates assist with ITR-2 filing?
We provide:
- Expert assessment of your income type
- Capital gains calculation and tax optimization
- Filing of complete and accurate returns
- Verification of TDS, income, and investments
- Guidance on foreign income or asset disclosures
Assistance with refund tracking or notice replies