ITR-2 Return Filing

Expert ITR-2 Filing for Individuals With Capital Gains and Multiple Properties

ITR-2 is meant for individuals and Hindu Undivided Families (HUFs) who do not have income from business or profession but have income from capital gains, more than one house property, foreign assets or foreign income, or income exceeding Rs. 50 lakh.

ITR-2 filing is more detailed than ITR-1 return filing and requires careful reporting of capital gains, foreign holdings, and multiple properties. Where business income exists, taxpayers should instead consider ITR-3 return filing, and our income tax e-filing services support the full range of return types.

Our ITR-2 Filing Services

Capital Gains Computation

Calculating short-term and long-term capital gains accurately.

Multiple House Properties

Reporting income or loss from more than one property.

Foreign Asset Reporting

Disclosing foreign assets and income as required.

Schedule Preparation

Preparing detailed schedules applicable to ITR-2.

Deduction Review

Identifying all eligible deductions and exemptions.

E-Verification Support

Assisting with timely submission and e-verification.

Our Approach

Collecting details of capital gains, properties, and foreign assets
Confirming ITR-2 is the correct form based on income profile
Preparing relevant schedules for capital gains and property income
Applying eligible deductions and exemptions
Filing the return and completing e-verification

Benefits of Filing ITR-2 With Us

Ensures accurate reporting of capital gains and foreign income
Reduces risk of scrutiny from incomplete disclosures
Handles multiple house property computations correctly
Helps claim all eligible deductions and exemptions
Supports smooth processing of refunds

Why Choose Us?

Experience with complex income profiles and capital gains
Careful handling of foreign asset and income disclosures
Strong coordination on multiple property computations
Transparent, detail-oriented filing process
Reliable support from filing through e-verification

Frequently Asked Questions

Who should file ITR-2?

ITR-2 is meant for individuals and HUFs without business or professional income who have capital gains, more than one house property, foreign assets or income, or total income above Rs. 50 lakh.

Can salaried individuals file ITR-2?

Yes, salaried individuals can file ITR-2 if they have capital gains, multiple house properties, or other income that is not covered under ITR-1.

Is reporting foreign assets mandatory in ITR-2?

Yes, resident individuals holding foreign assets or earning foreign income are required to disclose these details in the applicable schedules of ITR-2.

How are capital gains taxed in ITR-2?

Capital gains are classified as short-term or long-term depending on the holding period of the asset, and taxed at rates applicable under the Income Tax Act.

What if I have business income along with capital gains?

If you have income from business or profession in addition to capital gains, you would generally need to file ITR-3 instead of ITR-2.