ITR-2 Form — Who Should File, Capital Gains & Complete Guide AY 2026-27

Q: Who should file ITR-2?

File ITR-2 if you are an individual or HUF with: capital gains (sale of shares, mutual funds, property), income from more than one house property, foreign income or foreign assets, income from NRI, salary above ₹50 lakh (can't use ITR-1), agricultural income above ₹5,000, or dividend income. ITR-2 cannot be used if you have business/profession income — use ITR-3 or ITR-4 in that case.

Q: What is the difference between ITR-1 and ITR-2?

ITR-1 (Sahaj): Salary, one house property, other sources only. Total income ≤ ₹50 lakh. Cannot include capital gains. ITR-2: All ITR-1 income plus capital gains (equity, MF, property), multiple house properties, NRI income, foreign assets, salary > ₹50L. ITR-2 is more comprehensive but requires disclosure of capital gains schedule, foreign asset schedule, and detailed income computation.

Updated: 3 June 2026 | AY 2026-27 (FY 2025-26) | Due Date: 31 July 2026

File ITR-2 if you have capital gains (stocks, mutual funds, property), more than one house property, NRI status, foreign assets, or salary income exceeding ₹50 lakh. ITR-2 includes Schedule CG (Capital Gains), Schedule HP (House Property), Schedule FA (Foreign Assets), and Schedule FSI (Foreign Source Income). Due date: 31 July 2026 for FY 2025-26 (AY 2026-27).

31 Jul 2026

ITR-2 filing due date for FY 2025-26 (AY 2026-27).
File on time to carry forward capital losses. Late fee: ₹5,000 if income > ₹5L. e-verify within 30 days of filing.

ITR Form Selector — Which ITR Should You Use?

ITR Form	Use When	Cannot Use When
ITR-1 (Sahaj)	Salary/pension, one house, other sources; income ≤ ₹50L	Capital gains, NRI, foreign assets, multiple properties
ITR-2	Capital gains, NRI, foreign assets, salary > ₹50L, multiple properties	Business/profession income
ITR-3	Business or profession income with detailed books	Use ITR-4 for presumptive income
ITR-4 (Sugam)	Presumptive income 44AD/44ADA/44AE	Capital gains, NRI, foreign assets

ITR-2 Schedules — Key Sections

Schedule	What to Report
Schedule HP	Income from house property — rental income, home loan interest deduction
Schedule CG	Capital gains — STCG 111A (equity), STCG others, LTCG 112A (equity), LTCG 112 (other)
Schedule OS	Other sources — dividends, interest, winnings, etc.
Schedule VI-A	Deductions — 80C, 80D, 80G, 80CCD etc.
Schedule FA	Foreign Assets — if you hold assets outside India (mandatory even for residents)
Schedule FSI	Foreign Source Income — income received outside India and DTAA relief
Schedule TR	Tax Relief — taxes paid in foreign country (DTAA relief)
Schedule 112A	Detailed LTCG on listed equity shares/equity MF (security-wise reporting)

Capital Gains Tax Rates (FY 2025-26)

Asset Type	Holding Period	Type	Tax Rate
Listed equity shares / Equity MF	< 12 months	STCG (Section 111A)	20%
Listed equity shares / Equity MF	≥ 12 months	LTCG (Section 112A)	12.5% (above ₹1.25L)
Debt MF / Bonds	Any period	STCG/LTCG	Slab rate
Property / Land	< 24 months	STCG	Slab rate
Property / Land	≥ 24 months	LTCG (Section 112)	12.5% (no indexation)
Gold / Jewelry	< 24 months	STCG	Slab rate
Gold / Jewelry	≥ 24 months	LTCG (Section 112)	12.5%

Frequently Asked Questions

Who should file ITR-2?

File ITR-2 if you are an individual or HUF with: capital gains (sale of shares, mutual funds, property), income from more than one house property, foreign income or foreign assets, income from NRI, salary above ₹50 lakh (can't use ITR-1), agricultural income above ₹5,000, or dividend income. ITR-2 cannot be used if you have business/profession income — use ITR-3 or ITR-4 in that case.

What is the difference between ITR-1 and ITR-2?

ITR-1 (Sahaj): Salary, one house property, other sources only. Total income ≤ ₹50 lakh. Cannot include capital gains. ITR-2: All ITR-1 income plus capital gains (equity, MF, property), multiple house properties, NRI income, foreign assets, salary > ₹50L. ITR-2 is more comprehensive but requires disclosure of capital gains schedule, foreign asset schedule, and detailed income computation.

How to report capital gains in ITR-2?

In ITR-2, capital gains are reported in Schedule CG (Capital Gains). Enter: short-term gains (STCG) under appropriate sections — Section 111A (equity at 20%) and other STCG (at slab rate); long-term gains (LTCG) — Section 112A (equity at 12.5%) and Section 112 (other assets). You need your broker's capital gains statement or CAMS/KFintech statement for mutual fund gains. The AIS (Annual Information Statement) also has pre-filled data.

Is ITR-2 applicable for NRI?

Yes. NRIs must file ITR-2 (not ITR-1) for India-sourced income. NRI filing requirements: Schedule FA (Foreign Assets) for assets outside India — bank accounts, shares, immovable property. Schedule FSI (Foreign Source Income) for income received abroad and taxed in India. ITR-2 is mandatory for NRIs with capital gains on India-listed securities, rental income from India property, or any complex income.

What is the due date for ITR-2 filing?

ITR-2 filing due date for FY 2025-26 (AY 2026-27): 31 July 2026 for non-audit individuals. If you have foreign assets (Schedule FA), the due date is effectively 31 July 2026 (same, for individuals). For companies/entities requiring audit: 31 October 2026. File by 31 July to avoid late fee (₹5,000 for income > ₹5 lakh) and carry forward capital losses against future gains.

ITR Form Selector Capital Gains Calculator File ITR Refund Status NRI Taxation Home Loan Tax Benefit

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