Capital Gains
Any STCG or LTCG from equity, mutual funds, property, gold or other capital assets.
Professional ITR-2 filing for individuals and HUFs without business income — capital gains (equity, MF, property), multiple house properties, Schedule FA, NRI/RNOR returns and DTAA support. Form 26AS & AIS reconciliation, old vs new regime comparison. Notice-safe, accurate preparation.
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Income Tax Department — sample acknowledgement / certificate
Illustrative sample. Your official certificate is issued after approval.
ITR-2 is the income tax return form prescribed under the Income Tax Act, 1961 for individuals and Hindu Undivided Families (HUFs) who do not have income from business or profession. It covers salary, house property (including multiple properties), capital gains, other sources and foreign income or assets.
Unlike ITR-1 (Sahaj), which is limited to simple salary cases with income up to ₹50 lakh, ITR-2 handles capital gains from equity, mutual funds and property, Schedule FA for foreign assets, NRI/RNOR returns and director/unlisted shareholding cases. Dedicated schedules include Schedule CG, Schedule FA, Schedule 112A and Schedule AL (for income above ₹50 lakh).
Any STCG or LTCG from equity, mutual funds, property, gold or other capital assets.
Gross total income above ₹50 lakh — Schedule AL (assets and liabilities) required.
Rental or ownership income from more than one house property.
Non-residents and RNORs with India-sourced income (rent, capital gains, interest).
Residents with foreign bank accounts, investments, property or signing authority — Schedule FA.
Company directors or holders of unlisted equity shares at any time during the year.
| Aspect | ITR-1 | ITR-2 | ITR-3 |
|---|---|---|---|
| Business income | Not allowed | Not allowed | Allowed |
| Capital gains | Not allowed | Allowed | Allowed |
| Foreign assets | Not allowed | Allowed (Sch FA) | Allowed |
| NRI / RNOR | Not allowed | Allowed | Allowed |
| Income ceiling | ≤ ₹50 lakh | No ceiling | No ceiling |
| House property | One only | Multiple | Multiple |
STCG (e.g. Sec 111A) and LTCG (e.g. Sec 112A) with scrip-wise reporting where required.
Sale of land/building — consideration, stamp duty value, cost and indexation as applicable.
Support for claiming reinvestment exemptions where conditions are met.
Review of set-off rules; capital losses carried forward only if return is filed by the due date.
Form 16 (Part A & B) and salary slips if applicable.
Broker capital gain statements, contract notes, property sale/purchase deeds.
Tax credit and Annual Information Statement for full reconciliation.
Rent received, municipal tax, interest on home loan for each property.
Details of foreign bank accounts, investments, property for Schedule FA.
Tax Residency Certificate, Form 67 for foreign tax credit where claimed.
Confirm ITR-2 is the correct form (no business income; capital gains / NRI / FA etc. apply).
Form 16, 26AS, AIS, capital gain statements and property docs collected and reconciled.
Capital gains computed; exemptions reviewed; Schedule FA prepared for residents with foreign assets.
Old vs new regime comparison; return prepared with all applicable schedules.
Filed on the portal; e-verification support; post-filing notice readiness review.
Schedule CG and 112A prepared from broker statements and deeds so STCG/LTCG and exemptions are accurate.
Foreign asset disclosure and NRI/DTAA support so residents and non-residents stay compliant.
Full reconciliation to reduce mismatch notices and defective-return risk under Section 139(9).
Return planned for filing by the due date so capital loss carry-forward rights are preserved.
Individuals and HUFs without business/professional income who have capital gains, multiple house properties, foreign assets, NRI/RNOR status, company directorship, unlisted shares, income above ₹50 lakh, or brought-forward losses that need reporting.
No. Any capital gains require ITR-2 (or ITR-3 if you also have business income). Filing ITR-1 in that case can result in a defective return under Section 139(9).
Yes. NRIs and RNORs with India-sourced income (rent, capital gains on Indian assets, interest, etc.) typically file ITR-2. DTAA and Form 67 support can apply for foreign tax credit.
Schedule FA is for disclosure of foreign assets and income by resident taxpayers — foreign bank accounts, investments, immovable property and signing authority over foreign accounts.
Typically 31 July of the assessment year for individuals not subject to tax audit. Confirm the current year’s date on the official portal as CBDT may notify changes.
Generally no. Capital losses can be carried forward only if the return is filed on or before the due date. Belated filing can result in loss of carry-forward rights.
Broker capital gain statements / contract notes for equity and mutual funds; sale and purchase deeds (and related costs) for immovable property; cost of acquisition and improvement details.
No. ITR-2 is for individuals/HUFs without business or professional income. If you have business or professional income, ITR-3 (or ITR-4 in presumptive cases) is required.
Comprehensive support: capital gains computation, Schedule FA, 26AS/AIS recon, regime comparison, NRI/DTAA support and e-verification. File the right form by the due date and protect loss carry-forward rights.
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