ITR-2 Return Filing

Income Tax Return, ITR-2

Overview

ITR-2 is for individuals and Hindu Undivided Families (HUFs) whose income is not from a business or profession. It covers salaries, multiple house properties, capital gains, foreign income, agricultural income above ₹5,000, and lottery / horse race winnings.

Simple Pricing With Deliverables

ITR-2 Filing

2,499onwards

  • Capital gains workings
  • Computation
  • E-filing & verification

Our Process

For ITR-2

01

Step 1

Share Income & Investment Data

Form 16, broker statements, property transactions, rent agreements.

02

Step 2

Capital Gains Workings

We prepare capital gains workings for equity, mutual funds and property.

03

Step 3

Computation Review

We share the full computation for your approval.

04

Step 4

E-file & Verify

File the return and complete EVC / Aadhaar OTP verification.

Documents & Information Required

For ITR-2

Individual

  • PAN, Aadhaar, bank account number & IFSC
  • Income Tax Department portal credentials
  • Form 16
  • Bank statements

Property

  • Home loan certificate
  • Property tax paid
  • Property address with pin code
  • If rented: rent per month, name of tenant, tenant's PAN

Other Income

  • Savings interest
  • Dividend income from equity & mutual funds
  • FDR & PPF interest
  • Any other income

Deductions

  • 80C, PPF, PF, LIC, ELSS, school fees
  • 80D, Mediclaim for self / family / parents (note senior-citizen status)
  • NPS contribution (self)
  • House rent paid (if any)

Equity / Mutual Funds

  • Excel report with: date of purchase, date of sale, purchase cost, sale proceed

Property Transactions

  • Date of purchase / sale
  • Purchase cost (with stamp duty & registration)
  • Sale proceeds
  • Any transfer expenses
  • For new property purchased: date and cost with stamp duty & registration

Eligibility

Who can and cannot opt

Who Can

  • Total income exceeding ₹50 lakh
  • Income from salary or pension
  • Income from house property (more than one)
  • Income from sources such as lottery or horse races
  • Director in a company
  • Agricultural income above ₹5,000
  • Income from capital gains
  • Investments in unlisted equity bonds during the financial year
  • Income from foreign assets and foreign income

Who Cannot

  • Taxpayers who make an income from profession or business cannot opt for ITR-2.

Features

of ITR-2

Capital Gains Coverage

Handles short-term and long-term capital gains on equity, mutual funds, property and other assets.

Foreign Income & Assets

Mandatory reporting form for residents with foreign income or foreign assets.

Multiple Properties

Supports income from more than one house property, including let-out and self-occupied.

NRI-Friendly

NRIs and RNORs can file ITR-2 if there is no business or professional income.

Frequently Asked Questions

Switch to ITR-2 if any of the following apply:

  • Total income exceeds ₹50 lakh.
  • You have capital gains from equity, mutual funds, or property.
  • You own more than one house property.
  • You hold unlisted equity shares or were a director in a company at any point during the year.
  • You have foreign income, foreign assets, or were an NRI or RNOR during the year.
  • Agricultural income exceeds ₹5,000.

If you also have business or professional income, the right form is ITR-3 instead.

Ready to get started?

Get in touch with our team. We'll walk you through the process, the documents, and the pricing, no obligation.