ITR-2 Filing Guide
For Capital Gains, Property & Foreign Income
A complete client‑friendly guide for AY 2026-27
- ITR-2 is the income tax return form for resident individuals and HUFs whose income is more complex than what ITR-1 allows.
- It is meant for taxpayers with capital gains, more than two house properties, foreign assets or income, or total income above ₹50 lakh.
- ITR-2 does not cover income from business or profession — taxpayers with such income must use ITR-3 or ITR-4 instead.
- Filing the correct form on time avoids defective return notices and ensures smoother processing of refunds.
Individuals & HUFs
With income from salary/pension, house property, capital gains, and other sources
Asset Sellers
Capital gains beyond ITR-1 threshold — any STCG, or LTCG u/s 112A above ₹1.25 lakh
House Property Owners
More than two house properties, or with brought-forward/current-year house property losses
NRIs & RNORs
Reporting income earned or accrued in India
Foreign Asset Holders
Foreign assets, foreign bank accounts, or signing authority in accounts outside India
Farmers
Agricultural income above ₹5,000, lottery/horse race winnings, or income u/s 115BBDA/115BBE
Directors
In a company, or holders of unlisted equity shares at any time during the year
DTAA Relief
Claiming relief under Sections 90, 90A, or 91, or with clubbed spouse/minor income
| Situation | Why ITR-2 Doesn't Apply |
|---|---|
| Any Business or Professional Income | Use ITR-3, or ITR-4 (Presumptive) if eligible. |
| Partner in a Firm Carrying on Business | Even interest, salary, bonus, or commission from such a firm needs ITR-3. |
| Presumptive Income u/s 44AD / 44ADA / 44AE | File ITR-4 (SUGAM) instead, if total income is within ₹50 lakh. |
| Companies, Firms, LLPs, Trusts, AOPs/BOIs | ITR-2 is only for individuals and HUFs — use ITR-5, ITR-6, or ITR-7. |
ITR-1 (SAHAJ)
Salaried individuals/pensioners with simple income — salary, 2 house properties, basic deductions.
ITR-2
Individuals/HUFs with capital gains, multiple house properties, foreign income or dividends, and who don't have Business Income.
ITR-3
Business owners, freelancers — income from profits, professional activities, multiple streams.
ITR-4 (SUGAM)
Presumptive income scheme for small businesses & professionals.
ITR-5
Partnership Firms / LLPs / AOPs / BOIs and other entities.
ITR-6
Companies (except those claiming Sec. 11 exemption).
ITR-7
Trusts / NGOs / Political parties & charitable institutions.
PAN Card & Aadhaar
Identification and linking your tax profile
Form 16
Employer-issued proof of salary income and TDS deductions, if salaried
Form 26AS / AIS / TIS
Consolidated statement of TDS, taxes paid, and reported income
Bank Statements
Details of all savings, FD, and RD accounts held during the year
House Property Details
Rent receipts, co-owner details, municipal taxes, home loan interest certificate
Capital Gains / Trading Statements
Broker contract notes, mutual fund statements, and property sale deeds
Foreign Asset & Income Details
Overseas bank/investment statements for Schedule FA disclosure
Investment Proofs
Documents for Sec 80C, 80D, 80G deductions — if opting for the old regime
Consultation & Document Collection
We gather Form 16, capital gains/trading statements, property records, and foreign asset details.
⏱ 1–2 daysCapital Gains & Schedule Computation
We compute STCG/LTCG, house property income, and prepare Schedule FA where applicable.
⏱ 2–3 daysFiling & Submission
We file your ITR-2 securely on the e-Filing portal, with all schedules accurately completed.
⏱ Same day once readyVerification & Support
We guide you through e-verification and assist with refund tracking or any scrutiny queries.
⏱ Same day once filed| Filing Type | Due Date / Notes |
|---|---|
| Original Return — Sec 139(1) | 31st July 2026 — standard due date for individuals/HUFs filing ITR-2 |
| Belated Return — Sec 139(4) | 31st December 2026 — late filing; late fee and interest apply |
| Revised Return — Sec 139(5) | 31st March 2027 — correct errors in the original/belated return |
Self-Filing Online
Use the ITR-2 utility/JSON schema on the e-Filing portal. Suited for those comfortable preparing Schedule CG and Schedule FA themselves.
Expert-Assisted Filing
Our specialists handle capital gains computation, foreign asset disclosure, and multi-property reporting accurately.
Offline Excel / JSON Utility
Prepare the return offline — useful when consolidating multiple broker or property statements before uploading.
Missing Capital Gains Disclosures
Forgetting to report every share, mutual fund, or property sale — even at a loss — causes AIS mismatches.
Incomplete Schedule FA Reporting
Omitting foreign bank accounts or investments can attract penalty under the Black Money Act.
Wrong Cost of Acquisition / Grandfathering
Incorrect FMV as on 31 Jan 2018 for grandfathered LTCG leads to wrong tax computation.
Ignoring Set-Off & Carry-Forward Rules
Not adjusting current-year losses correctly, or filing late and losing carry-forward eligibility.
Wrong Rate Applied on Sec 111A / 112A Gains
Applying the wrong concessional rate to STCG/LTCG on listed securities.
- Verify your ITR-2 immediately — via Aadhaar OTP, net banking, or by sending a signed ITR-V
- Track your refund status — monitor processing on the e-Filing portal
- Keep a copy of all schedules — save the acknowledgment, capital gains statements, and Schedule FA records
- File a revised return if needed — correct any errors within the allowed period
- Log in to the Income Tax e-Filing portal using your PAN and password
- Navigate to 'e-File > Income Tax Returns > View Filed Returns'
- Check status — your return may show as Submitted, Verified, Processed, or Refund Issued
- Refund tracking — the amount is credited to the bank account validated and linked with your PAN
Who files: Individual / HUF — No Business Income | Capital Gains | Multiple HPs | Foreign Assets | Income > ₹50 Lakh
| # | Document / Information Required | Details / What to Check | Mandatory? | Source |
|---|---|---|---|---|
| A. PERSONAL / BASIC DETAILS | ||||
| 1 | PAN Card | PAN mandatory; link with Aadhaar before filing | Yes | IT Dept |
| 2 | Aadhaar Number | Mandatory for e-verification and filing | Yes | UIDAI |
| 3 | Date of Birth & Gender | As per PAN records | Yes | PAN card |
| 4 | Bank Account Details | All active bank accounts must be disclosed; refund account | Yes | Bank passbook |
| 5 | Residential Status | Resident / NRI / RNOR — determines taxability of foreign income | Yes | Self declaration |
| 6 | Passport No. & Country of Stay | If NRI / RNOR | If NRI | Passport |
| 7 | Nature of Employment | Central/State Govt, PSU, Pensioner, Other | Yes | Employment records |
| B. SALARY / PENSION INCOME | ||||
| 8 | Form 16 — Part A & B | Complete salary details and TDS | Yes | Employer |
| 9 | Salary Slips Apr–Mar | Verify components matching Form 16 | Yes | Employer |
| 10 | Previous Employer Form 16 | If changed job during FY | If applicable | Previous employer |
| 11 | Relief u/s 89 — Form 10E | Must be filed online before ITR for arrears relief | If applicable | e-Filing portal |
| 12 | Gratuity / VRS / Leave Encashment | Exemption calculation documents | If applicable | Employer |
| C. HOUSE PROPERTY (MULTIPLE) | ||||
| 13 | Property Address — each HP | Full address of each house property | Yes | Property documents |
| 14 | Let Out or Self Occupied status | Status of each property during FY | Yes | Rental agreement / Self decl. |
| 15 | Annual Rental Income | Actual rent received / receivable for let-out property | Yes | Rent receipts / Agreement |
| 16 | Municipal Taxes Paid | Actual taxes paid to local authority | If paid | Municipal receipts |
| 17 | Home Loan Interest Certificate | All home loans — Sec 24(b) deduction | If applicable | Bank / NBFC |
| 18 | Pre-construction Interest | 1/5th of pre-construction interest each year for 5 years | If applicable | Bank statement |
| 19 | Unrealised Rent / Arrears of Rent | If recovered — taxable in year of receipt | If applicable | Records |
| D. CAPITAL GAINS | ||||
| 20 | Sale Deed / Transfer Agreement | Details of asset sold — property, shares, MF, gold, bonds | Yes (if CG) | Registrar / Broker |
| 21 | Purchase / Cost Details | Original cost + stamp duty + registration + improvement costs | Yes (if CG) | Old deed / Records |
| 22 | Date of Purchase & Date of Sale | Holding period determines STCG or LTCG | Yes (if CG) | Deed / Broker note |
| 23 | Indexed Cost (CII) | Cost Inflation Index — Base year 2001-02; FY25-26 index = 363 | Yes for LTCG | IT Dept Notification |
| 24 | Equity Shares / Equity MF — STT paid | LTCG exempt up to ₹1.25 lakh; STCG @20% u/s 111A | If applicable | Broker P&L statement |
| 25 | Capital Gains Statement — Broker | Consolidated statement from broker for shares/MF | Yes (if applicable) | Broker / MF / CAMS / KFintech |
| 26 | Section 54 / 54F / 54EC Exemption | Reinvestment details, Capital Gains Account Scheme | If applicable | Bank / Property documents |
| 27 | 54EC Bonds Purchase | NHAI / REC bonds within 6 months of sale | If applicable | Bond certificate |
| 28 | Buyback / Bonus / Rights Issue Details | Details of share buyback, bonus shares issued, rights issue subscription — special treatment in capital gains | If applicable | Broker statement |
| 29 | Foreign Securities / RSU / ESOP | Foreign asset disclosure mandatory; FEMA compliance | If applicable | Employer / Broker |
| E. FOREIGN ASSETS / INCOME | ||||
| 30 | Foreign Bank Account Details | Account number, address of bank, peak balance, interest | If applicable | Bank statement |
| 31 | Foreign Assets — Property / Investments | Location, value, date of acquisition | If applicable | Records |
| 32 | Income from Foreign Sources | Salary earned abroad, rental, dividends | If applicable | Foreign payslips / Statements |
| 33 | DTAA Benefits | Double Taxation Avoidance Agreement — country & article number | If applicable | Tax residency certificate |
| 34 | Foreign Tax Credit — Form 67 | Must be filed before ITR to claim relief u/s 90/91 | If applicable | e-Filing portal |
| F. OTHER SOURCES OF INCOME | ||||
| 35 | Bank Interest (SB + FD + RD) | Interest income from all banks; auto-filled in AIS | Yes | Bank statements / Form 26AS |
| 36 | Dividend Income | Fully taxable; dividends from Indian + foreign companies | If applicable | AIS / Demat statement |
| 37 | Lottery / Online Gaming / Puzzle | Taxable @30% flat u/s 115BB; no deduction allowed | If applicable | TDS certificate / Records |
| 38 | Winnings from Races / Betting | Taxable @30% flat | If applicable | Records |
| 39 | Gifts received >₹50,000 | From non-relatives — taxable as income from other sources | If applicable | Gift deed / Records |
| 40 | Interest on IT Refund | Taxable; auto-filled in AIS | If applicable | AIS |
| G. DEDUCTIONS — CHAPTER VI-A | ||||
| 41 | Sec 80C — all investments | LIC, PPF, ELSS, NSC, FD, EPF, Principal, Tuition fees — max ₹1.5L | If claiming | Receipts / Statements |
| 42 | Sec 80CCD(1B) — NPS | Extra NPS contribution — max ₹50,000 | If claiming | NPS CRA statement |
| 43 | Sec 80D — Mediclaim | Self + Family + Parents; extra for senior citizens | If claiming | Premium receipt |
| 44 | Sec 80G — Donations | NGO / Trust with 80G certificate; Form 10BE required | If claiming | Form 10BE + Donation receipt |
| 45 | Sec 80E — Education Loan | Interest on education loan | If claiming | Bank certificate |
| 46 | Sec 80EE / 80EEA — HLoan | Additional home loan interest deduction | If claiming | Bank certificate |
| 47 | Sec 80TTA / 80TTB | SB interest (80TTA) / all interest for Sr. Citizen (80TTB) | If claiming | Bank statement |
| H. TAX PAID DETAILS | ||||
| 48 | Form 26AS | TDS / TCS / Advance Tax / Self Assessment details | Yes | TRACES / IT portal |
| 49 | AIS & TIS | Annual Information Statement — cross verify all income | Yes | IT portal |
| 50 | Advance Tax Challans | Quarterly advance tax payments (Challan 280) | If paid | Bank / IT portal |
| 51 | Self Assessment Tax Challan | Balance tax paid after computing liability | If applicable | Bank / IT portal |
| 52 | Form 16A (TDS certificates) | TDS by banks, mutual funds, insurance companies | If applicable | TRACES / Deductor |