ITR-2 is an Income Tax Return form applicable to individuals and HUFs who do not have income from business or profession but have income from multiple sources. This includes salary or pension, more than one house property, capital gains, and income from other sources such as interest, dividends, or lottery winnings. It is also applicable to those holding foreign assets or having agricultural income exceeding ₹5,000. Filing ITR-2 ensures compliance with the Income Tax Act, 1961, enables proper disclosure of complex income streams, and allows individuals to claim deductions under sections like 80C, 80D, and 80G. The form must be filed online through the Income Tax Department portal, and verification can be done via Aadhaar OTP, net banking, or submitting a signed ITR-V. Accurate filing prevents penalties, facilitates tax refunds, and ensures legal proof of income. Professional assistance is recommended to correctly reconcile income from various sources, compute taxes, claim eligible deductions, and file the return on time, thereby maintaining compliance and avoiding scrutiny from tax authorities.