New Delhi, July 9 -- Are you planning to file your income tax returns, as the 31 July deadline is rapidly approaching? Have you consulted a tax planner or filing expert to guide you with the return submission process?

While filing income tax returns is mandatory for all registered taxpayers with taxable income, not all taxpayers file the same form. Taxpaying individuals with capital gains or losses, multiple properties or foreign assets are required to file ITR-2, instead of the simple ITR-1.

To make the filing process easier for such individuals, here is a clear breakdown of who should use this ITR-2 form, its basic features, and how to file tax returns correctly using this form on the e-filing portal before the deadline.

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