ITR-2 Return Filing for Capital Gains, Multiple Properties & Foreign Assets
CA-reviewed ITR-2 filing for individuals and HUFs with capital gains, more than one house property, foreign assets or income above ₹50 lakhs — accurate schedules, complete disclosures, filed on time.
ITR-2 is the income tax return form for individuals and HUFs who do not have business or professional income but whose income goes beyond the scope of ITR-1 — total income above ₹50 lakhs, capital gains from shares, mutual funds or property, more than one house property, foreign assets or foreign income, directorship in a company, or holdings in unlisted equity shares. NRIs and RNORs without business income in India also file ITR-2. The due date is 31 July of the assessment year (unless extended), and the return must be e-verified within 30 days of filing. Because ITR-2 involves detailed schedules — Capital Gains, 112A, Foreign Assets, AL — accurate computation and complete disclosure matter far more than in ITR-1.
ITR-2 eligibility and who must use it
ITR-2 sits between the simplicity of ITR-1 and the business-focused ITR-3. It covers every kind of personal income except income from business or profession — which makes investors, property owners, NRIs and senior executives its most common users.
If any single item below applies to you, ITR-1 is no longer valid and ITR-2 (or a higher form) becomes mandatory. Filing the wrong form can make your return defective under Section 139(9), so the eligibility check is the first thing we do.
- Total income above ₹50 lakhs
- Capital gains from shares, mutual funds or property
- Long-term gains u/s 112A above ₹1.25 lakh
- More than one house property
- Foreign assets, foreign income, ESOPs or RSUs
- Director in a company or unlisted equity shares
- NRI / RNOR taxpayers without business income
Key schedules we prepare in ITR-2
The schedules that decide whether your return is accepted cleanly or queried later.
Schedule CG & 112A
Short and long-term capital gains with grandfathering, scrip-wise 112A reporting and the correct current tax rates applied to each asset class.
Schedule FA, FSI & TR
Foreign bank accounts, shares, RSUs and property reported on a calendar-year basis, with foreign tax credit claimed through Form 67.
House Property
Two or more properties, let-out rent, the 30% standard deduction, home-loan interest and correct set-off of house property losses.
Other Sources & VDA
Dividends with quarterly breakup, interest, winnings, and crypto or other virtual digital assets taxed at 30% under Section 115BBH.
Loss Set-off & Carry Forward
Schedules CYLA, BFLA and CFL prepared so current-year losses are set off and capital losses carried forward for up to 8 years.
Schedule AL
Assets and liabilities disclosure, mandatory when total income exceeds ₹50 lakhs — reconciled with your known investments before filing.
Key ITR-2 deadlines to remember
Dates that decide late fees, interest and loss carry-forward.
31 July — Due Date
Non-audit individuals must file by 31 July of the assessment year (unless CBDT extends it). Late filing attracts a fee of up to ₹5,000 u/s 234F.
30 Days — E-Verification
Every return must be e-verified (Aadhaar OTP, net banking, demat) within 30 days of filing, or a signed ITR-V posted to CPC, Bengaluru.
31 December — Belated / Revised
Missed the deadline or found an error? Belated and revised returns can be filed up to 31 December of the assessment year.
Advance Tax on Gains
Capital gains attract advance tax in the instalments falling due after the gain arises — we compute the liability and remind you in time.
Our ITR-2 filing process
A 4-step process built for investors, property owners and NRIs.
Document Collection
Form 16, broker capital gains statements, AIS/26AS, property details and foreign asset information — one simple checklist.
Computation & Schedules
Gains computed with grandfathering and indexation where applicable, losses set off, and every schedule prepared and cross-checked.
Review & Approval
You receive a draft computation with an old vs new regime comparison before anything is filed.
E-File & Verify
Return filed on the income tax e-filing portal, e-verified, and the acknowledgment (ITR-V) shared with you immediately.
ITR-2 filed with investor-grade accuracy
The schedules in ITR-2 leave no room for guesswork.
CA-reviewed filing
Every ITR-2 is prepared and reviewed by a Chartered Accountant — not pushed through generic software with default entries.
AIS reconciled before filing
Capital gains and interest are matched against your AIS/TIS and Form 26AS, so mismatch notices don't arrive months later.
Foreign assets done right
Incomplete Schedule FA reporting can attract severe penalties under the Black Money Act — we report every account, share and RSU correctly.
Losses never wasted
Capital losses are set off and carried forward correctly, so your future gains are taxed less.
Regime optimisation
Old vs new regime compared on your actual numbers — not assumptions — before the return is filed.
Integrated tax support
Your ITR-2 is coordinated with TDS credits, expatriate taxation and notice replies whenever needed.
ITR-2 filing questions answered
Everything investors, property owners and NRIs ask us.
Ready to file your ITR-2?
Share your Form 16, capital gains statements and asset details. We'll prepare, review and e-file your ITR-2 with every schedule in place.
