31st July, i.e., the Due Date of filing your Income Tax Return for the financial year 2011 – 2012 is coming near.
ITR-2 Form is to be used by an individual or a Hindu Undivided Family whose total income for the assessment year includes:-
(a) Income from Salary / Pension; or
(b) Income from House Property; or
(c) Income from Capital Gains; or
(c) Income from Other Sources (including Winning from Lottery and Income from Race Horses)…
In short, ITR-2 Form is for Individuals and HUFs not having Income from Business or Profession