ITR 2 Blogs | GST Wale
A Detailed Guide to Declaring Director Details and Unlisted Equity Shares in ITR 2.0
Learn how to report director details and unlisted equity shares correctly in itr 2.0. Avoid mistakes and file your return with confidence.
Filing your income tax return has become more detailed over the years, and itr 2.0 requires taxpayers to disclose specific financial information accurately. If you are a company director or hold unlisted equity shares, these disclosures are no longer optional. Incorrect or incomplete reporting may lead to notices from the...
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The Definitive Guide to Setting Off Short-Term vs Long-Term Capital Losses in ITR 2.0
Learn how to adjust short-term and long-term capital losses correctly in itr 2.0. Avoid mistakes and maximise tax benefits with this practical guide.
Capital gains and capital losses often create confusion while filing an income tax return. Many taxpayers are unsure whether they can adjust one type of capital loss against another or carry forward losses to future years. Making an error while filing itr 2.0 can lead to incorrect tax calculations or...
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How to Claim Income Tax Rebate Under Section 89(1) for Salary Arrears in ITR 2.0
Learn how to claim income tax rebate under Section 89(1) for salary arrears in itr 2.0 with step-by-step guidance, examples, and expert tips from GST Wale.
Receiving salary arrears is good news, but it can sometimes increase your tax liability if not reported correctly. Fortunately, the Income Tax Act provides relief under Section 89(1), allowing eligible taxpayers to reduce the additional tax burden arising from salary received in arrears or advance. If you are filing itr...
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Guide to Claiming HRA and House Rent Exemptions in ITR 2.0
Claim HRA and house rent exemptions correctly with itr 2.0. Learn eligibility, calculations, documents, and filing tips from GST Wale.
House Rent Allowance (HRA) is one of the most valuable tax benefits available to salaried employees. However, many taxpayers make mistakes while claiming HRA in itr 2.0, resulting in incorrect tax calculations or unnecessary notices from the Income Tax Department. Understanding the correct way to claim HRA and report it...
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How to Claim Education Loan Interest Deductions Under Section 80E in ITR 2.0
Learn how to claim education loan interest deductions under Section 80E in itr 2.0 with expert guidance, eligibility, and filing tips.
If you have taken an education loan for higher studies, you may be eligible for a valuable tax benefit under Section 80E of the Income Tax Act. While many taxpayers focus only on deductions under Sections 80C and 80D, Section 80E offers an excellent opportunity to reduce your taxable income...
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How to Report Foreign Income and Claim DTAA Tax Relief in ITR 2.0
Learn how to report foreign income and claim DTAA tax relief correctly using itr 2.0 with this practical guide from GST Wale.
If you have earned income outside India, filing your tax return requires extra attention. Whether you receive a foreign salary, dividends, rental income, pension, or interest from overseas investments, you must disclose it correctly while filing itr 2.0. Many taxpayers either miss reporting foreign income or fail to claim the...
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