For Resident Individuals having total income upto Rs 50 Lakhs having income from Salaries, House Property and Other Sources and Agriculture Income upto Rs. 5000/-

ITR Form 2 is for Individuals and HUF receiving income other than income from “Profits and Gains from Business or Profession”. Thus persons having income from the following sources are eligible to file Form ITR 2 : Income from salary / pension ( more than 50lakhs)/Income from more than one house property/Income from Capital gain/NRI & RNOR/Foreign Income.

For Resident Individuals/HUFs/Firms (Other than LLP) having income from Business/Profession computed u/s 44AD, 44ADA, 44AE (Total Income upto Rs 50 Lakhs)

ITR Form 5 is for firms, LLPs, AOPs (Association of persons) and BOIs (Body of Individuals), Artificial Juridical Person (AJP), Estate of deceased, Estate of insolvent, Business trust and investment fund.