ITR-2 — Filing Guide for Individuals & HUFs with Capital Gains
ITR-2 is the ITR form for: individuals & hufs with capital gains. No upper limit. Due date: 31 July (individual) / 31 Oct (audit). Taxpex CAs prepare, review and file ITR-2 entirely on WhatsApp.
- Eligibility cap: No upper limit
- Due date: 31 July (individual) / 31 Oct (audit)
- Wrong form = 139(9) defective return notice
- E-verification within 30 days is mandatory
- Taxpex filing turnaround: 24–72 hours
Who should file ITR-2
- Individuals & HUFs with capital gains
- Foreign asset / income holders (Schedule FA)
- NRIs / RNORs
- More than one house property
- Directors of companies, unlisted-equity holders
Who should NOT file ITR-2
- Anyone with business/profession income (use ITR-3)
- Simple salary + one house (use ITR-1)
- Partnership firms / LLPs (use ITR-5)
Documents required
- Form 16
- Broker capital-gains statement (STT-paid + non-STT)
- AIS + 26AS
- Foreign asset details (Schedule FA)
- Home-loan interest certificate (both properties)
- Bank statements (all accounts)
Real-world filing examples
- Gurugram salaried with US RSUs: ITR-2 with Schedule FA disclosure and DTAA relief.
- Mumbai investor with ₹5L LTCG on listed equity: ITR-2 with Section 112A grandfathering.
- Bengaluru NRI with rent + MF gains: ITR-2 with 195 TDS reconciliation.
Common mistakes when filing ITR-2
- Missing Schedule FA for US stocks / crypto — Black Money Act 120% penalty
- Not using Section 112A grandfathering for pre-Jan 2018 shares
- Skipping DTAA relief for foreign income
- Wrong indexation on unlisted / debt MF LTCG
- Not disclosing dividend under Schedule OS
ITR-2 — quick reference
| Item | Detail |
|---|---|
| Form name | ITR-2 |
| Income limit | No upper limit |
| Due date | 31 July (individual) / 31 Oct (audit) |
| E-verification | Aadhaar OTP / net-banking / DSC — within 30 days |
| Belated filing | By 31 December of AY under Section 139(4) |
| Revision | Unlimited until 31 December of AY under Section 139(5) |
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Frequently asked questions
Frequently asked questions
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- Which ITR Form Should You File in 2025? Complete Guide (ITR-1 to ITR-4)
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- Which ITR Form Should You File in 2026? (ITR-1 to ITR-7 Explained)
- ITR Filing Last Date FY 2024-25 (AY 2025-26) — Complete Guide
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