ITR-2 Filing
**The Investor's Choice:** For individuals/HUFs with **Capital Gains**, **Foreign Assets**, or **multiple properties**, but **excluding** income from business or profession.
Our CAs simplify complex filings involving foreign assets and capital gains, ensuring full compliance and accurate tax computation.
Who Should File ITR-2?
Applicable to:
Individual or Hindu Undivided Family (HUF) who is not eligible to file ITR-1
Does not have income from 'Profits and Gains of Business or Profession'
Total Income exceeding ₹50 Lakh
Income from more than one House Property
Income from Capital Gains (Long-term or Short-term)
Having Foreign Assets or Foreign Income
Being a Director in a company or having held unlisted equity shares
Key Documents Needed:
All documents from ITR-1
Capital Gains statement (from sale of shares, mutual funds, property, etc.)
Details of all Foreign Assets and Foreign Income (if applicable)
Rental receipts/property tax receipts (for House Property income)
Crucial Exclusion: Business Income
ITR-2 cannot be used if you have income from "**Profits and Gains of Business or Profession**". You must use ITR-3 instead.
Frequently Asked Questions
ITR-2 is for individuals or HUFs who are not eligible for ITR-1 and do NOT have business or professional income. This usually includes those with high salaries, capital gains, multiple properties, or foreign income/assets.
You must file ITR-2 since the profit from the sale of mutual funds is considered Capital Gains income. ITR-1 is not applicable for Capital Gains.
Yes, ITR-2 is applicable if you are a Director in a company or have held unlisted equity shares at any time during the financial year.
You will need the Capital Gains statement, details of all foreign assets/income, and rental receipts for multiple properties, in addition to all ITR-1 documents.