Capital Gains Reporting
Accurate reporting of short-term and long-term capital gains from stocks, mutual funds, property sale, and other assets. Compute gains using correct methods including indexation for LTCG in Schedule CG.
ITR-2 Return Filing in India
File ITR-2 return for individuals with capital gains, multiple house properties, and foreign assets. Expert CA assistance under the Income Tax Act 1961. Starting at just Rs. 999.
Free consultation available. Our experts will call you within 30 minutes.
Overview
What is ITR-2 Return Form?
ITR-2 is an income tax return form for individuals and HUFs who cannot file ITR-1 due to complex income sources. ITR-2 is applicable when you have income from salary, more than one house property, capital gains, or foreign assets/income. It is the most commonly used form after ITR-1 under the Income Tax Act 1961.
ITR-2 captures detailed information about all income sources including Schedule CG for capital gains, Schedule FA for foreign assets, Schedule B for foreign income, and Schedule BA for brought forward losses. VakilExpert's experienced CAs ensure accurate ITR-2 filing maximizing your tax savings and ensuring compliance with CBDT rules.
Capital Gains Specialists
Foreign Assets Reporting (Schedule FA)
Comprehensive Tax Planning
5000+ ITR-2 Returns Filed
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ITR-2 Filed10+
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Our Services
ITR-2 Services
Comprehensive ITR-2 filing for complex income sources.
Multiple House Properties
Report income from multiple house properties including let-out, deemed let-out, and self-occupied properties. Compute income correctly under the house property head with proper set-off of losses carried forward.
Foreign Assets & Income
Complete reporting of foreign bank accounts, foreign immovable property, foreign financial assets, and foreign income in Schedule FA. Report under DTAA provisions and ensure compliance with reporting requirements.
Crypto/Digital Asset Income
Reporting of cryptocurrency and digital asset gains at 30% tax rate. Cannot set off crypto losses against any other income. Our experts ensure proper reporting under income from other sources in ITR-2.
Director's Income
Report sitting fees, commission, and other income received as a company director in ITR-2. Ensure proper TDS credit claim and accurate reporting of all director-related income sources under the Income Tax Act.
Expert Tax Consultants
Experienced CAs specializing in complex ITR-2 filings. Deep knowledge of capital gains, foreign tax laws, DTAA, and comprehensive income tax provisions for accurate and optimized return filing.
ITR-2 Features
Key Features of ITR-2 Form
Understanding what ITR-2 covers and its important schedules.
Schedule CG - Capital Gains
Report all capital gains from stocks, mutual funds, property, bonds, and other assets. Separate sections for LTCG and STCG. Indexation benefit for LTCG except equity. STT paid can be claimed. Full computation with cost of acquisition.
Schedule FA - Foreign Assets
Report foreign bank accounts, foreign immovable property, foreign financial assets, and foreign income. Mandatory for RNOR and resident individuals. Non-disclosure attracts penalty of Rs. 10 lakhs under Black Money Act.
Schedule HP - House Property
Report income from multiple house properties. Self-occupied property shows zero income. Let-out property: gross annual value minus municipal taxes equals net annual value. Deemed let-out for vacant properties.
AIS/TIS Reconciliation
Cross-verify all income reported in ITR-2 against Annual Information Statement and Taxpayer Information Summary. Ensure no mismatch to avoid scrutiny notice from the Income Tax Department under the new AIS system.
DTAA Benefits
Claim Double Taxation Avoidance Agreement benefits for foreign income taxed in both countries. Use DTAA provisions to avoid double taxation and claim credit for taxes paid abroad under relevant tax treaty provisions.
Notice Response
ITR-2 filers with capital gains and foreign assets face higher scrutiny. Our experts respond to Section 143(2) notices, assessment orders, and scrutiny proceedings with proper documentation and representation.
Our Process
How to File ITR-2 Return
4 simple steps for accurate ITR-2 filing.
Document Collection
Gather all documents including Form 16, capital gains statements, AIS/TIS, foreign asset details, bank statements, and investment proofs for comprehensive ITR-2 filing.
Income Classification
Classify all income under correct heads: salary, house property, capital gains, and other sources. Identify applicable deductions and exemptions for maximum tax savings.
Schedule Completion
Complete all ITR-2 schedules including Schedule CG for capital gains, Schedule FA for foreign assets, Schedule HP for house property, and Schedule OS for other sources income.
File & Verify
File ITR-2 on the income tax e-filing portal with all schedules completed. Verify using Aadhaar OTP or digital signature. Download acknowledgment for your records.
Documents Required
Documents for ITR-2 Filing
Keep these documents ready for ITR-2 filing.
Form 16 / Form 26AS
Capital Gains Statements (Stocks/MF/Property)
Bank Statements (Domestic + Foreign)
Foreign Asset Details (Schedule FA)
Rent Receipts / Property Documents
DTAA Documents (if applicable)
AIS/TIS from Income Tax Portal
Aadhaar Card & PAN Card
Investment Proofs (80C/80D/80G)
Benefits
Why Choose VakilExpert for ITR-2?
Capital Gains Expertise
Specialized expertise in computing and reporting capital gains from stocks, mutual funds, property, and other assets. Ensure correct computation with indexation benefit and proper STT claims for maximum savings.
Foreign Asset Compliance
Complete and accurate Schedule FA reporting for foreign assets and income. Ensure compliance with FATCA, CRS, and Black Money Act requirements. Avoid penalties of Rs. 10 lakhs for non-disclosure.
Maximize Tax Refund
Our CAs identify all eligible deductions, exemptions, and set-off opportunities including brought forward losses. Claim all deductions under Chapter VI-A for the maximum possible tax refund in ITR-2.
AIS/TIS Reconciliation
Complete reconciliation of your ITR-2 data with AIS and TIS to avoid mismatch and scrutiny notices. Cross-verify all entries against Form 26AS for accurate and safe filing with zero compliance risk.
100% Online Process
Upload all documents online and track your ITR-2 filing progress in real-time. Complete capital gains computation and foreign asset reporting with our secure online platform from anywhere.
Notice Support
ITR-2 filers often receive scrutiny notices due to capital gains and foreign assets. Our experts provide complete support for responding to tax notices, assessment proceedings, and departmental queries.
Frequently Asked Questions
FAQs about ITR-2
Get answers to common questions about ITR-2 return filing.
ITR-2 is for individuals and HUFs with income from salary, more than one house property, capital gains, and foreign assets/income. For those who cannot file ITR-1 due to complex income sources including residents and non-residents with various income types under Income Tax Act 1961.
Due date is July 31 of assessment year for individuals not subject to tax audit. If tax audit applies under Section 44AB, due date extends to October 31. Late filing attracts penalty under Section 234F. Belated returns can be filed before December 31 or end of assessment year.
Yes, NRIs can file ITR-2 for Indian income including salary, house property, and capital gains from Indian assets. RNORs must report foreign income in ITR-2. Fully resident NRIs must report global income. ITR-2 is the appropriate form for NRI income reporting.
Capital gains are reported in Schedule CG. Enter each capital asset's sale consideration, purchase cost, and expenses. Calculate short-term or long-term gains. Indexation benefit available for LTCG except equity. STT paid can be claimed as deduction from STCG.
Foreign assets are reported in Schedule FA including foreign bank accounts, foreign immovable property, foreign financial assets, foreign income, and signing authority. Report values in INR at appropriate exchange rate. Non-disclosure attracts Rs. 10 lakh penalty under Black Money Act.
ITR-2 is for individuals and HUFs without business or professional income. ITR-3 is for individuals having business or professional income. If you have capital gains, multiple properties, or foreign income but no business income, file ITR-2. If you have business income, file ITR-3.
Yes, cryptocurrency income must be reported in ITR-2 under income from other sources. 30% tax plus cess applies on gains. Crypto losses cannot be set off against any other income. TDS at 1% applies on crypto transactions. Report with proper transaction details.
Documents: Form 16, capital gains statements from brokers, AIS/TIS, foreign bank statements, DTAA documents, property sale documents, rent agreements, investment proofs, Aadhaar card, PAN card, bank statements, and foreign asset details with account numbers.
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Get expert CA assistance for ITR-2 filing. Our experienced tax consultants handle capital gains, foreign assets, and complex income reporting for maximum tax savings.
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