ITR-2 Filing (Salary + Capital Gains + Other Income)

When ITR-2 is the right form

ITR-2 is for resident and non-resident individuals and HUFs who earn income but not from a business or profession. It is the form you need the moment your affairs go beyond a simple salary: capital gains on shares, mutual funds or property; income from more than one house property; foreign income or foreign assets; income as a company director; or holdings of unlisted equity shares.

Because it captures more income heads, ITR-2 demands careful schedule-by-schedule reporting — capital gains computation, exemption claims under sections 54/54F/54EC, set-off and carry-forward of losses, and disclosure of foreign assets in Schedule FA. Errors here are the most common trigger for scrutiny, so accuracy is everything.

Who typically files ITR-2

• Salaried individuals who also sold shares, mutual funds, crypto or property during the year.
• Taxpayers owning more than one house property or earning rental income from several properties.
• Company directors and holders of unlisted shares (e.g. startup ESOP holders).
• Residents with foreign income, foreign bank accounts or assets requiring Schedule FA disclosure.
• Non-resident Indians (NRIs) with Indian income beyond simple interest.

Capital gains — the part that needs an expert

Capital gains are taxed differently by asset and holding period. Listed equity and equity mutual funds held over 12 months are long-term; gains above the annual exemption are taxed at the applicable LTCG rate, while short-term gains on the same assets are taxed at the special STCG rate. Property and unlisted assets follow their own holding-period and indexation rules, with reinvestment exemptions available under sections 54, 54F and 54EC.

We compute each transaction correctly, apply grandfathering where relevant, claim every reinvestment exemption you qualify for, and set off losses in the most tax-efficient order so you do not pay a rupee more than the law requires.

Process, documents and due date

• Share Form 16, capital gains statements from your broker/AMC, property sale deeds and foreign asset details.
• We reconcile with AIS and 26AS, compute each income head and prepare every schedule.
• You approve the computation; we file and assist with e-verification within 30 days.
• Due date for non-audit cases is 31 July of the assessment year; a belated/revised return is allowed up to 31 December.

Why TCC for ITR-2

ITR-2 rewards precision and punishes guesswork. Our experts handle the capital-gains math, foreign-asset disclosures and loss set-offs that DIY portals get wrong, reconcile everything against the department records, and stand behind the return if a query arrives — all on a clear fixed fee.