AY 2026-27 | Capital Gains & Foreign Assets | Due: 31 July 2026

ITR-2 Filing for AY 2026-27
Capital Gains & Foreign Assets

Expert CA-assisted online filing of Income Tax Return Form ITR-2 for individuals and HUFs with complex income sources. Designed for taxpayers with capital gains, foreign assets, multiple house properties, or total income exceeding ₹50 lakh. Vaidam Consultancy ensures accurate, compliant, and maximized tax benefits for your complex financial portfolio.

  • Comprehensive capital gains reporting (STCG & LTCG)
  • Multiple house properties & foreign assets/income
  • NRI/RNOR friendly | Director & unlisted share reporting
  • Carry forward losses up to 8 years included
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What is ITR-2 Form?

ITR-2 is an Income Tax Return form prescribed for individuals and Hindu Undivided Families (HUFs) who do not have income from profits and gains of business or profession but have complex income sources beyond the scope of ITR-1 (Sahaj). For AY 2026-27 (FY 2025-26), ITR-2 serves as the comprehensive filing solution for taxpayers with capital gains, multiple house properties, foreign assets/income, or total income exceeding ₹50 lakh. The form accommodates various filing situations including original, belated, and revised returns under the Income Tax Act, 1961.[reference:0][reference:1]

  • Designed for individuals & HUFs without business income
  • Allows detailed reporting of capital gains across asset classes
  • Full disclosure of foreign assets, income, and DTAA relief
  • Mandatory for company directors & unlisted share holders

    • Capital Gains | Multiple Properties | Foreign Assets
    ITR-2 – For Comprehensive Income Reporting

    Who is Eligible to File ITR-2 for AY 2026-27?

    You must file ITR-2 if any of the following conditions apply to you:

    • Capital Gains: Income from sale of shares, mutual funds, property, gold, or any capital asset (STCG or LTCG).[reference:2]
    • Multiple House Properties: Ownership or income from more than one house property.[reference:3]
    • Foreign Assets/Income: Any income earned outside India or ownership of foreign assets/bank accounts.[reference:4]
    • Income > ₹50 Lakh: Total income exceeds ₹50 lakh from salary, pension, house property, or other sources.[reference:5]
    • Director or Unlisted Shares: Served as director in any company or held unlisted equity shares.[reference:6][reference:7]
    • Agricultural Income: Agricultural income exceeding ₹5,000.[reference:8]
    • NRI/RNOR Status: Non-Resident Indian or Resident but Not Ordinarily Resident during FY 2025-26.[reference:9]

    If you have business or professional income, you must file ITR-3 or ITR-4. ITR-2 is strictly for non-business income profiles.

    High Net Worth | Active Investors | NRIs
    Directors | Multi-Property Owners

    Key Changes in ITR-2 for AY 2026-27

    • Bifurcated Capital Gains Schedule: Separate reporting required for gains earned before and after July 23, 2024 due to Finance Act 2024 amendments. STCG on listed equities now taxed at 20% (previously 15%), LTCG at 12.5% (previously 10%). LTCG on other assets now taxed at 12.5% without indexation (previously 20% with indexation).[reference:10]
    • Capital Loss on Share Buyback: Loss on buyback of shares is now allowable if corresponding dividend income is reported (effective October 1, 2024).[reference:11]
    • Expanded Disclosure Threshold: Asset and liability disclosure required if total income exceeds ₹1 crore (previously ₹50 lakh).[reference:12]
    • Updated Return Window: Taxpayers can file an updated return (ITR-U) within 48 months from the end of the relevant assessment year.[reference:13]
    Bifurcated CG Buyback Loss Allowed Higher Disclosure Limit

    Essential Documents for ITR-2 Filing

    • Basic KYC: PAN, Aadhaar, and bank account details
    • Tax Statements: Form 16/16A, Form 26AS, Annual Information Statement (AIS), and Taxpayer Information Summary (TIS)
    • Capital Gains Documents: Complete capital gains statements from broker/DMAT, purchase and sale details of assets, cost inflation index for old assets
    • Property Documents: Ownership details, loan interest certificates, rental agreements, and municipal tax payment receipts
    • Foreign Assets/Income: Details of foreign bank accounts, investments, properties, and taxes paid abroad (for DTAA claim)
    • Corporate Holdings: Director identification number (DIN), unlisted shareholding details, ESOP statements
    • Investment Proofs: For deductions under Section 80C, 80D, 80G, 80TTA, etc.

    Pre-verified document checklist by CAs
    Seamless foreign asset reporting support

    Simple 5-Step ITR-2 Filing Process

    1. Document Collection & Verification: Submit all income-related documents including capital gains statements, foreign asset details, and property documents.
    2. Comprehensive Income Computation: Our CAs compute income under all heads (salary, house property, capital gains, other sources), apply indexation benefits, and calculate tax liability.
    3. Capital Gains Reporting: Detailed reporting of STCG/LTCG including scrip-wise details in Schedule CG and Schedule 112A.
    4. Foreign Asset & Income Disclosure: Complete Schedule FA filing including foreign bank accounts, investments, and claim DTAA relief.
    5. E-Filing & Verification: Secure online filing via Income Tax portal, followed by e-verification to complete the process.

    Average turnaround: 5–7 working days for complex ITR-2 filing.

    → → → →

    Submit → Compute → Gains → Foreign → File

    Capital Gains Tax Rates for FY 2025-26

    Updated as per Finance Act 2024 (effective from July 23, 2024)

    Asset Type Holding Period Tax Rate (Pre July 23, 2024) Tax Rate (Post July 23, 2024)
    Listed Equity Shares / Equity MF STCG (≤12 months) 15% 20%
    Listed Equity Shares / Equity MF LTCG (>12 months) up to ₹1.25 lakh exempt 10% 12.5%
    Other Capital Assets (Property, Gold, etc.) LTCG (>24 months) 20% with indexation 12.5% without indexation | 20% with indexation
    Debt Mutual Funds Any period Slab rates Slab rates

    *Chapter VIA deductions and rebate under Section 87A are not allowed under the new tax regime for capital gains.

    Why Choose Vaidam Consultancy for ITR-2?

    Specialized expertise for complex tax filings

    Capital Gains Experts

    Precision in reporting STCG/LTCG across equities, mutual funds, property, and crypto assets with indexation benefits.

    Foreign Asset Specialists

    Expert handling of Schedule FA, foreign income reporting, and DTAA claims for NRIs and returning Indians.

    Multi-Property Compliance

    Accurate calculation of income from multiple house properties including self-occupied, let-out, and deemed let-out properties.

    Loss Carry Forward

    Preserve capital loss carry forward up to 8 years – crucial for investors with cyclical gains/losses.

    Director Compliance

    Complete reporting of directorship positions and unlisted share holdings to avoid defective return notices.

    Post-Filing Support

    Assistance with rectification, revised returns, and response to income tax notices for your complex cases.

    Transparent Fee Structure for ITR-2 Filing

    Basic ITR-2

    ₹3,999

    For individuals with capital gains, single foreign asset, and straightforward multiple properties

    Comprehensive ITR-2

    ₹5,999

    Complex capital gains, multiple foreign assets, NRI returns, director/unlisted share reporting

    Revised/Belated ITR-2

    ₹4,499

    Filing for earlier years or missed deadlines including loss carry forward claims

    *GST extra as applicable. Special discounts for returning clients and multiple year filings.

    ITR-2 FAQs – AY 2026-27

    What is the due date for filing ITR-2 for AY 2026-27?
    The due date for filing ITR-2 (non-audit cases) is July 31, 2026. A belated return can be filed by December 31, 2026, with late fees under Section 234F.[reference:14]
    Can I file ITR-2 if I have capital gains from selling my house property?
    Yes, absolutely. ITR-2 is the appropriate form for reporting any capital gains, whether from property, shares, mutual funds, gold, or any other capital asset. You must report both short-term and long-term capital gains with appropriate indexation benefits where applicable.[reference:15]
    Do I need to file ITR-2 if I have foreign assets or income?
    Yes, if you own foreign assets (bank accounts, investments, property) or have foreign income, you must file ITR-2 and disclose all such assets in Schedule FA. Failure to report foreign assets can result in severe penalties. Our CA team helps with compliant reporting and claiming DTAA relief for foreign taxes paid.[reference:16]
    What is the difference between ITR-1 and ITR-2?
    ITR-1 (Sahaj) is for salaried individuals with income up to ₹50 lakh, up to 2 house properties, and limited LTCG up to ₹1.25 lakh. ITR-2 is for more complex cases: any capital gains beyond ₹1.25 lakh, more than 2 properties, foreign assets/income, income exceeding ₹50 lakh, NRI status, directorship, or unlisted share holdings. If you have any of these, ITR-2 is mandatory.[reference:17]
    Can I carry forward capital losses in ITR-2?
    Yes, ITR-2 allows you to carry forward capital losses for up to 8 assessment years. This is a critical benefit for investors as it allows offsetting future capital gains against previous losses. To preserve this benefit, you must file your return by the original due date (July 31, 2026).[reference:18]
    What happens if I file ITR-1 when I should have filed ITR-2?
    Filing the wrong ITR form will result in a "defective return" notice from the Income Tax Department. You will be given an opportunity to file a revised return with the correct form (ITR-2). However, this can delay refunds and may attract penalties. Our pre-filing eligibility check ensures you always use the correct form.[reference:19]

    Explore Other ITR Filing Services

    Expert-assisted filing for all Income Tax Return forms

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    File Your ITR-2 Before the Deadline

    Don't miss the July 31, 2026 deadline for ITR-2 filing. Our expert CAs handle complex capital gains, foreign assets, and NRI returns with precision. Get maximum tax benefits and compliance assurance.

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