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ITR 2

ITR-2 Filing — FY 2025-26 (AY 2026-27)

File Your ITR-2
With Expert
Precision

ITR-2 covers capital gains, multiple house properties, foreign income, and more. Complex filings handled professionally — accurate, timely, and fully compliant with the Income Tax Act.

Begin Filing → Calculate Tax First
Practice Overview
📋
1200+
ITRs filed across all types
⚡
48 hrs
Average turnaround time
🏛️
10+ yrs
GST & income tax practice
✅

Due Date: 31 July 2026
Belated filing allowed till 31 Dec 2026 with late fee under Sec 234F

⚖️ Bar Council Registered
🔒 Data Confidential
📅 Deadline: 31 July 2026
💰 No Hidden Charges
📲 Delhi & Pan-India
Eligibility

Who Should File ITR-2?

ITR-2 is applicable to resident and non-resident individuals and HUFs who do not have income from business or profession.

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Capital Gains Income

Short-term (STCG) or long-term capital gains (LTCG) from sale of equity, mutual funds, property, or any other asset.

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Multiple House Properties

Owners of more than one house property — self-occupied or let out — including rental income from each.

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Foreign Income / Assets

NRIs, or residents with overseas income, foreign assets, bank accounts, or directorship in a foreign company.

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Director in a Company

Individuals who are a director in any Indian or foreign company must mandatorily file ITR-2.

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High Income (Above ₹50L)

Salaried or pensioned individuals whose gross total income exceeds ₹50 lakhs in the financial year.

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Agricultural Income > ₹5,000

Individuals with agricultural income exceeding ₹5,000 along with other income must use ITR-2.

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Brought Forward Losses

Taxpayers carrying forward or setting off losses from capital gains or house property from previous years.

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Cannot Use ITR-2

Business or professional income, partnership firm profits, or presumptive taxation income (use ITR-3 or ITR-4 instead).

Quick Comparison

ITR-1 vs ITR-2 — Know the Difference

Income Source
ITR-1 (Sahaj)
ITR-2
Salary / Pension
✔ Allowed
✔ Allowed
One House Property
✔ Allowed
✔ Allowed
Multiple House Properties
✖ Not Allowed
✔ Allowed
Capital Gains (STCG / LTCG)
✖ Not Allowed
✔ Allowed
Foreign Income / Assets / NRI
✖ Not Allowed
✔ Allowed
Director in Company
✖ Not Allowed
✔ Allowed
Income above ₹50 Lakhs
✖ Not Allowed
✔ Allowed
Business / Professional Income
✖ Not Allowed
✖ Use ITR-3/4
Free Tool

Income Tax Calculator — FY 2025-26

Estimate your total tax liability including capital gains. Compare Old vs New Regime instantly.

Steps
1
Basic Info
2
Income Details
3
Capital Gains
4
Deductions
Basic Information
Set your financial year and age group for accurate slab computation.
Income Details
Enter income from all sources including salary, house property, and other income.
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Deduction against house property income (let-out: no limit; self-occ: ₹2L max)
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Capital Gains
Enter gains from equity, mutual funds, real estate, or other assets.
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Short-term gains on equity/MF held < 12 months
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Long-term gains; first ₹1.25L exempt; balance @ 12.5%
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Added to income, taxed at applicable slab
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With indexation; applicable to property, gold, debt
Deductions & Exemptions
Applicable only under the Old Regime. New Regime has limited deductions.
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Tax Liability Summary
Old Regime
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Incl. deductions + 4% cess
New Regime
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Std. ded. ₹75,000 + 4% cess
You Save
₹ —
Fill all steps to calculate
Gross Income—
Capital Gains Tax—
Digital Asset Tax (30%)—
SurchargeNil
Education Cess4%
How It Works

Filing Process — 5 Simple Steps

1

Submit Details

Fill the contact form with income sources, gains, and callback preference.

2

Document Collection

Share Form 16, capital gains statements, AIS, foreign asset details securely.

3

Expert Computation

We compute tax under both regimes, apply indexation, and maximise deductions.

4

Your Approval

A detailed draft is shared for your review before submitting anything.

5

ITR-2 Filed ✓

Return filed on IT portal. E-verification guided. Acknowledgement sent within 24 hrs.

Checklist

Documents Required for ITR-2

ITR-2 involves more complex income sources — keep all relevant documents ready before filing.

Identity & Basic

  • PAN Card (mandatory)
  • Aadhaar (linked to PAN)
  • Bank account details (IFSC)
  • Aadhaar-linked mobile number

Salary & Employer

  • Form 16 (Part A & Part B)
  • Salary slips for the financial year
  • Form 12BB – investment declaration
  • Arrears / bonus / severance details

Capital Gains

  • Broker / demat capital gains statement
  • Mutual fund statement (CAMS / KFintech)
  • Property sale deed & purchase deed
  • Stamp duty valuation (for property)
  • Cost of improvement documents

House Property

  • Rental agreements for let-out property
  • Home loan interest certificate
  • Municipal tax paid receipts
  • Co-ownership share details (if any)

Foreign & Other Income

  • Foreign bank account statements
  • Overseas income documentation
  • DTAA benefit details (if applicable)
  • Form 67 for foreign tax credit
  • Directorship proof / shares in foreign company

Deduction Proofs

  • LIC, PPF, ELSS receipts (80C)
  • Health insurance premium (80D)
  • NPS contribution receipt (80CCD)
  • Donation receipts (80G)
  • Form 26AS / Annual Information Statement
Get In Touch

Start Your ITR-2 Filing

Share your details and we'll reach out within a few hours to review your income profile and begin the filing process.

📧

opjhaom@gmail.com

📍

Delhi, India (Pan-India Service)

📅

31st July 2026 (AY 2026-27)

⏱️

Within 24 hours (business days)

File Your ITR-2 Today

Fill the form — we'll contact you to collect documents and file your return.

    Required Documents

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    I confirm that the information and documents provided are true and correct for filing my ITR-2.
    [/acceptance]

    FAQs

    Frequently Asked Questions

    Common questions about ITR-2 filing, capital gains, and eligibility.

    What is the last date to file ITR-2 for FY 2025-26?

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    The due date for filing ITR-2 for AY 2026-27 is 31st July 2026 for individuals not subject to audit. Belated return can be filed until 31st December 2026 with a late fee under Section 234F (₹1,000 if income ≤ ₹5L; ₹5,000 otherwise).

    I sold shares this year — do I need ITR-2 instead of ITR-1?

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    Yes. Any capital gains — short-term or long-term — from equity, mutual funds, property, gold, or any other asset mandates ITR-2. ITR-1 does not have a schedule for capital gains.

    How is LTCG on equity taxed in FY 2025-26?

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    Long-term capital gains on listed equity shares and equity mutual funds are exempt up to ₹1.25 lakh per year. Gains above this threshold are taxed at 12.5% (without indexation) under Section 112A.

    Can NRIs file ITR-2?

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    Yes. Non-Resident Indians (NRIs) with income sourced in India — salary, rental income, capital gains on Indian assets, or interest income — must file ITR-2 (not ITR-1). Foreign income and assets must also be disclosed in the FA schedule.

    What is the tax rate on cryptocurrency and digital assets?

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    Income from virtual digital assets (VDA), including cryptocurrency and NFTs, is taxed at a flat rate of 30% under Section 115BBH, with no deductions or loss set-off allowed against other income. TDS of 1% applies on transactions above ₹10,000.

    Can I claim deductions under ITR-2 in the New Regime?

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    Under the New Tax Regime, most deductions (80C, 80D, HRA, home loan interest) are not available. However, the standard deduction of ₹75,000 on salary and NPS employer contribution (80CCD(2)) are still allowed in the New Regime.

    What happens if I file ITR-1 when I should have filed ITR-2?

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    Filing the wrong ITR form renders the return defective under Section 139(9). The Income Tax Department issues a notice, and you must correct and refile within the stipulated period. A defective return, if uncorrected, is treated as not filed, potentially attracting penalties.

    Is Form 16 enough to file ITR-2?

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    Form 16 covers only salary income. For ITR-2, you will additionally need capital gains statements from your broker, mutual fund statements, AIS/Form 26AS, rental agreements, home loan certificates, and foreign asset disclosures as applicable.