ITR Filing FY 2024-25: Online ITR-2 Filing Now Enabled for Taxpayers

Fast Summary:

• Delhi MP PV Midhun reddy has been arrested in connection with a Rs 3200 crore liquor scam involving YSRCP leaders.
• The Andhra Pradesh Police SIT reportedly noted irregularities in liquor distribution processes linked to the case.

Indian Opinion Analysis:
The arrest of Lok Sabha MP PV Midhun Reddy highlights accountability measures within governance structures. A thorough and transparent investigation could help strengthen public trust and ensure checks on misuse of power or corruption at high levels of office. For India, addressing such issues consistently will set an example for cleaner administrative practices across states while managing political repercussions responsibly.

Read moreQuick Summary:

• You can now file ITR-2 for FY 2024-25 online on the Income Tax Portal.
• The platform offers pre-filled data to ease e-filing for individuals.

Image:
!ITR Filing Online)

Indian Opinion Analysis:
The move to enable online filing of ITR-2 will likely enhance convenience and simplify income tax compliance for individuals. This feature reduces manual errors through pre-filled forms, marking a positive stride in India’s digital journey. Streamlining such processes aligns with the government’s push for increasing transparency and efficiency in tax management, potentially improving taxpayer satisfaction while boosting compliance rates.

Read more: DNA India ArticleQuick Summary

• The Income tax Department has enabled online filing of ITR-2 for FY 2024-25 (Assessment Year 2025-26) as of July 18, 2025, allowing taxpayers to e-file through its portal with pre-filled data.
• Applicable taxpayers include individuals/HUFs earning income from salaries, multiple house properties, taxable capital gains (including cryptocurrency), lottery winnings, horse racing proceeds, and more.
• Othre filing options include:

– ITR-1: For individuals with income up to Rs. 50 lakh.- ITR-3: For those involved in business/profession requiring extensive accounts.
– ITR-4: For small businesses on a presumptive basis or agricultural earnings under Rs. 5000.
– ITR-5: Meant for firms/LLPs/AOPs and similar entities.

The deadline for ITR filings is September 15, 2025.

For more details: Read More.

Indian Opinion Analysis

The rollout of online ITR filing forms such as ITR‑2 signifies the ongoing modernization efforts by the Income Tax Department to streamline compliance processes for taxpayers in India.Pre-filled data at the e‑filing portal can reduce errors and enhance efficiency during file submission while ensuring transparency around different types of tax categories including capital gains from newer streams like cryptocurrency.

This step also reflects India’s progressive approach in adapting its tax framework to evolving financial dynamics such as diversified sources of revenue beyond customary salary-based incomes. With clear demarcations between various forms (like ITR‑1/3/4), individual taxpayers can choose suitable formats addressing specific circumstances without confusion.

Significant deadlines highlight accountability but may require robust awareness campaigns among less tech-savvy demographics unfamiliar with digital systems particularly focusing HUF Direct