The Classic Partners LLP
ITR-2 Return Filing
ITR-2 filing for individuals and HUFs with capital gains, multiple properties, or foreign income — but no business income. We handle the complexity and file it right.
File ITR-2What is ITR-2?
ITR-2 is for individuals and Hindu Undivided Families (HUFs) who do not have income from business or profession but have income that is too complex for ITR-1, such as capital gains, more than one house property, or foreign income and assets.
It covers high-income earners and those with investment gains. We compute capital gains, report all income heads correctly, and file ITR-2 in full compliance.
Who Should File?
- Individuals and HUFs with capital gains.
- Those owning more than one house property.
- Taxpayers with foreign income or foreign assets.
- Individuals with income above Rs. 50 lakh but no business income.
What We Handle
Capital Gains Computation
Gains on shares, mutual funds, and property.
Multiple Properties
Income from more than one house property.
Foreign Income & Assets
Correct reporting and disclosures.
Other Income
Interest, dividends, and other sources.
Regime & Deductions
Optimising tax with eligible deductions.
E-Filing & Verification
Filing and e-verifying ITR-2.
Why Choose The Classic Partners
- Qualified Chartered Accountants who pick the right form and file accurately.
- Maximum lawful savings — every eligible deduction and exemption claimed.
- Notice & scrutiny support if the department raises a query.
- Transparent fees and a single point of contact for your filing.
Frequently Asked Questions
Who should file ITR-2?
Individuals and HUFs without business or professional income, but with capital gains, more than one house property, foreign income or assets, or income above Rs. 50 lakh, should file ITR-2.
What is the difference between ITR-1 and ITR-2?
ITR-1 is for simple salaried cases within Rs. 50 lakh, while ITR-2 covers more complex situations such as capital gains, multiple properties, and foreign income, but still excludes business income.
Do I report capital gains in ITR-2?
Yes. Capital gains from shares, mutual funds, property, and other assets are reported in ITR-2, with separate treatment for short-term and long-term gains.
Do I need to disclose foreign assets?
Yes. Residents with foreign income or assets must disclose them in ITR-2. We ensure these disclosures are complete and accurate.
Can salaried individuals use ITR-2?
Yes, salaried individuals who also have capital gains, multiple properties, or other ITR-2 triggers should file ITR-2 instead of ITR-1.
Need to file ITR-2?
Get capital gains and complex income filed accurately under ITR-2.
Contact Us