ITR-2 Form: Complete Guide for Capital Gains & Eligibility#
What is ITR-2?#
ITR-2 is for individuals and HUFs who have income from capital gains or income from foreign assets.
Eligibility#
Use ITR-2 if you have:
- Capital gains (short-term or long-term)
- Foreign assets/income
- More than one house property
- Income from business profession (optional)
- Agricultural income > Rs 5,000
Who Cannot Use ITR-2?#
- Residential status: Non-resident (use ITR-3)
- Business income (use ITR-3)
- Partner in firm (use ITR-3)
Documents Required#
- All ITR-1 documents
- Capital gains statements
- Property sale/purchase documents
- Foreign asset details
- Investment proofs
Sections in ITR-2#
- Personal Information
- Income from Salary
- Income from House Property
- Income from Capital Gains
- Income from Other Sources
- Deductions
- Tax Computation
- Tax Paid
- Schedule AL (Assets)
How to File#
- Login to tax portal
- Select ITR-2
- Fill all schedules
- Calculate tax
- Pay balance tax
- E-verify
Due Dates#
Same as ITR-1: July 31 for individuals