Income Tax
ITR-2 Filing
Quick answer: ITR-2 filing for capital gains, multiple house property, and foreign income for AY 2026-27 — no business income.
₹999
Gujarat offerAll-inclusive · No hidden fees · No bank details required
4.9 (171 reviews)
Why choose FinTax24
- 4500+ ITR-2 filings for AY 2025-26
Audience
Who needs ITR-2 Filing?
- Taxpayers with sale of listed equity, equity mutual funds, property, gold, or bonds during FY 2025-26.
- Individuals with two or more house properties — one self-occupied, others let-out or deemed let-out.
- NRIs and residents with foreign income from salary, rental property, dividends, or interest abroad.
- ESOP holders exercising stock options and selling shares — capital gains on FMV at exercise date.
- Taxpayers with total income above ₹50 lakh from salary and other sources (no business income).
- HUF (Hindu Undivided Family) with capital gains or multiple house properties (HUF cannot file ITR-1).
- Investors with dividend income exceeding ₹10 lakh — special rate under Section 115BBDA removed but disclosure required.
How it works
- 1
ITR-2 Form Suitability Check
We confirm ITR-2 applicability — capital gains, multiple house property, or foreign income.
- 2
Capital Gains Computation
STCG / LTCG computed with indexation, Section 48 cost inflation index, and FMV for ESOP.
- 3
Schedule FA & Foreign Tax
Foreign assets, foreign income, and foreign tax credit reported in Schedule FA and Form 67.
- 4
ITR-2 JSON Drafting
ITR-2 utility drafted with Schedule CG, HP, FA, and VI-A deductions; shared for approval.
- 5
E-Filing & Verification
ITR-2 uploaded on incometax.gov.in with Aadhaar OTP, EVC, or DSC verification.
- 6
ITR-V & Refund Tracking
ITR-V acknowledgment delivered; 143(1) processing and refund status tracked for 30-60 days.
Timeline
Why file this
Benefits of itr-2 filing
- ITR-2 preparation and e-filing for AY 2026-27 with capital gains (STCG / LTCG) and multiple house properties.
- Schedule CG with Section 111A (15% STCG on listed equity / equity MF), Section 112 (20% LTCG with indexation), Section 112A (12.5% LTCG on listed equity / equity MF).
- Schedule FA — disclosure of foreign assets, foreign bank accounts, ESOP, and rental income abroad for AY 2026-27.
- Schedule HP for multiple house properties — let-out, deemed let-out, and self-occupied with Section 24(b) interest.
- Section 80C to 80U deductions including 80CCD(1B) NPS ₹50,000, 80D mediclaim, 80E, 80G donations.
- Carry forward and set-off of capital losses — STCG against STCG + LTCG, LTCG against LTCG only.
- Avoid Section 271(1)(c) concealment penalty through accurate disclosure of all capital gains transactions.
- Foreign income reporting under DTAA — claim treaty benefit, foreign tax credit, and Form 67 filing.
Documents required
8 documents needed for itr-2 filing.
- PAN and Aadhaar of the taxpayer — Aadhaar-PAN linking mandatory for ITR-2 e-filing OTP.
- Form 16 (TDS on salary) and Form 16A (TDS on non-salary), Form 16B (property), Form 16C (rental).
- Capital gains statements from broker / AMC / property registrar for FY 2025-26 transactions.
- Form 26AS and AIS (Annual Information Statement) — TDS / TCS / advance tax / refund entries.
- Foreign bank account statements, foreign tax paid certificates, and DTAA residency certificate.
- Home loan certificates for all house properties — Section 80C principal and Section 24(b) interest.
- Investment proofs under Section 80C, 80D, 80CCD(1B), 80E, 80G, 80TTA, 80TTB for AY 2026-27.
- Previous year ITR-V acknowledgment if revising under Section 139(5) or filing belated under 139(4).
DIY vs FinTax24
Why file itr-2 filing with FinTax24 instead of doing it yourself.
| Aspect | DIY / Portal | Local Tax Consultant | FinTax24 |
|---|---|---|---|
| Filing time | 7–14 days (typical) | Varies by availability and workload | 2-3 business days |
| Expert review | None | Depends on the consultant | Expert verified on every filing |
| Document check | You self-verify; rejected on portal | Manual review may vary | Pre-verified by our team before submission |
| Support | Email / chatbot | Appointment-based or office hours | WhatsApp + phone, Mon–Sat 10 AM–7 PM IST |
| Pricing | Government fees only | Consultant fee + government fees | Transparent: From ₹999 + govt fees |
Frequently asked questions
Who should file ITR-2 for AY 2026-27?
ITR-2 is for individuals and HUFs with income from capital gains (STCG / LTCG), more than one house property, foreign income, agricultural income above ₹5,000, or total income above ₹50 lakh. ITR-2 is NOT for taxpayers with business or profession income — they must file ITR-3.
What is the Section 112A LTCG tax rate for AY 2026-27?
Section 112A (introduced FY 2018-19) taxes LTCG on listed equity shares and equity-oriented mutual funds at 12.5% on gains exceeding ₹1.25 lakh per year, without indexation benefit. STCG on listed equity under Section 111A is taxed at 15% (revised to 20% from 23 July 2024 — verify current rate).
How is property capital gain calculated for ITR-2?
Property capital gain = Sale consideration (or stamp duty value, whichever higher) — indexed cost of acquisition — indexed cost of improvement. Indexation uses Cost Inflation Index (CII) from 2001-02 base. Section 54 / 54F exemption available on purchase of new residential property within specified time.
What is Schedule FA in ITR-2?
Schedule FA (Foreign Assets) requires disclosure of foreign bank accounts, foreign financial interests, foreign equity holdings, foreign immovable property, foreign trusts, and signing authority in foreign accounts. Non-disclosure attracts Section 271FA penalty of ₹10 lakh per AY. Even dormant accounts must be reported.
Can ITR-2 claim foreign tax credit under DTAA?
Yes. Under DTAA (Double Taxation Avoidance Agreement), residents can claim credit for foreign tax paid against Indian tax on the same income. File Form 67 along with ITR-2 — declaration of foreign tax paid and treaty claim. DTAA residency certificate and TRC required from foreign jurisdiction.
Can ITR-2 carry forward capital losses?
Yes. STCG and LTCG losses can be carried forward for 8 assessment years if ITR-2 is filed within the Section 139(1) due date (31 July 2026 for AY 2026-27). STCG loss can be set off against STCG and LTCG; LTCG loss against LTCG only. Belated return under Section 139(4) disallows loss carry-forward.
What is the fee for ITR-2 filing at FinTax24?
ITR-2 filing starts from ₹999 at FinTax24 — covers Schedule CG capital gains computation, Schedule FA foreign asset disclosure, multiple house property Schedule HP, deduction planning, and e-filing on incometax.gov.in. ESOP and property capital gains with indexation included.
What is the penalty for late filing of ITR-2?
Late filing of ITR-2 attracts Section 234F fee of ₹1,000 (income ≤ ₹5L) or ₹5,000 (income > ₹5L). Loss carry-forward is disallowed. Section 234A interest on unpaid tax applies. Section 271(1)(c) penalty of 100%-300% of tax for concealment of capital gains or foreign income disclosure failures.
Sources & authority: For regulations on itr-2 filing, refer to incometax.gov.in , eportal.incometax.gov.in .
Last reviewed by: FinTax24 Compliance Desk · Reviewed on:
Related Income Tax
- Income Tax Return Filing ITR filing for any taxpayer — ITR-1 to ITR-7 — for AY 2026-27 with Form 16, 26AS, AIS, deduction planning. View details →
- ITR Filing ITR filing for any taxpayer — ITR-1 to ITR-7 — for AY 2026-27 (FY 2025-26) with 26AS / AIS reconciliation. View details →
- ITR-1 SAHAJ Filing ITR-1 SAHAJ e-filing for salaried individuals for AY 2026-27 — single Form 16, one house property, income up to ₹50 lakh. View details →
- ITR-3 Filing ITR-3 filing for individuals and HUFs with business or profession income for AY 2026-27 — partner / proprietor. View details →
About FinTax24
ISO 27001 · Startup India · MCA registered- Legal name
- FinTax24 LLP
- Founded
- 2021
- Headquarters
- Palitana, Gujarat, India
- Certifications
- ISO 27001 · ISO 9001 · ISO 22301
- Recognition
- Startup India · MCA registered
- Coverage
- All 33 Gujarat districts + Dadra & Nagar Haveli & Daman & Diu
- Clients served
- 10,000+
- Hours
- Mon - Sat: 10 AM - 7 PM IST
Ready to file ITR-2 Filing?
Talk to an expert on WhatsApp. Most consultations are free.