ITR-2 Filing Services for capital gains, NRIs, and multiple properties.
Precise ITR-2 filing for individuals and HUFs with capital gains from shares, mutual funds or property; multiple house properties; foreign income or assets; directorships; and NRI status — with complete Schedule CG, Schedule AL, and Schedule FSI compliance.
ITR-2 is significantly more complex than ITR-1 — covering capital gains across all asset classes, multiple properties with loan interest set-offs, foreign income and DTAA claims, and mandatory disclosure of assets and liabilities for high-income taxpayers. An error in any schedule can trigger automated notices or scrutiny assessment.
From computing LTCG on equity and STCG on debt funds, to calculating indexed cost of acquisition on property sales and identifying Section 54/54EC exemption eligibility, ITR-2 demands careful schedule-by-schedule accuracy. Our Chartered Accountant team reconciles every figure with your broker statements, AIS, and Form 26AS before preparing a clean, audit-ready return.
We serve equity investors, NRIs with India income, salaried individuals with rental income from multiple properties, company directors holding unlisted shares, and HMDs with income from diverse sources. Every ITR-2 engagement at NDS Advisors includes a capital loss carry-forward analysis, DTAA benefit review, and Schedule AL guidance — not just form filling.
What's Included in ITR-2 Filing
Capital Gains — Equity & Mutual Funds
Computation of STCG and LTCG on listed shares and mutual funds using broker statements — with Section 112A grandfathering for pre-2018 acquisitions where applicable.
Capital Gains — Immovable Property
Sale of land or buildings — computing gains, verifying stamp duty valuation under Section 50C, identifying Section 54, 54EC, and 54F exemption eligibility.
NRI ITR-2 & DTAA Claims
ITR-2 for Non-Resident Indians — Schedule FSI, Schedule TR for taxes paid abroad, and DTAA relief claims under applicable bilateral treaties to avoid double taxation.
Multiple House Property Income
Computation of income from let-out and deemed let-out properties, interest deduction under Section 24(b), and set-off of house property loss up to ₹2 lakh.
Schedule AL — Asset Disclosure
Accurate disclosure of movable and immovable assets and liabilities in Schedule AL for taxpayers with total income exceeding ₹50 lakh.
Capital Loss Carry-Forward
Identification and carry-forward of short-term and long-term capital losses for set-off against future capital gains — only available with timely ITR filing.
Our ITR-2 Filing Process
Document Collection
Capital gains statements from brokers, property deeds, AIS, Form 26AS, home loan certificates, and foreign income details — collected via secure online workflow.
Schedule-wise Computation
Schedule CG (capital gains), Schedule HP (house property), Schedule OS (other sources), and Schedule FSI — each computed accurately and cross-verified.
Tax & Regime Optimisation
Old vs new regime comparison, DTAA benefit claims, available exemptions under Section 54/54EC — ensuring lowest possible tax within the law.
ITR-2 Filing
Preparation and filing of ITR-2 on the income tax portal with all schedules accurately populated, verified, and pre-filled data corrected.
e-Verification & Acknowledgement
Immediate e-verification via Aadhaar OTP or EVC, with ITR-V acknowledgement and copy of filed return shared within 24 hours.
Why Choose NDS Advisors for ITR-2
Frequently Asked Questions
ITR-2 must be filed by individuals and HUFs who have income from salary or pension, more than one house property, capital gains from shares, mutual funds, or immovable property, foreign income or assets, or are directors in a company or hold unlisted equity shares. It is also applicable to NRIs with India-sourced income beyond the basic exemption limit.
LTCG on listed equity shares and equity-oriented mutual funds held for more than 12 months is taxed at 12.5% under Section 112A — without indexation — on gains exceeding ₹1.25 lakh. Short-term capital gains on equity (held under 12 months) are taxed at 20% under Section 111A. Both must be reported in ITR-2.
Capital gains on immovable property are computed as sale consideration minus cost of acquisition. For properties held over 24 months (LTCG), the rate is 12.5% without indexation (post-July 2024 amendment). Exemptions under Section 54 and 54EC can reduce the taxable gain. All details are reported in Schedule CG of ITR-2.
Yes. ITR-2 is the applicable form for NRIs with income from salary, house property, capital gains on Indian assets, or interest from NRO accounts. NRIs can claim Double Taxation Avoidance Agreement benefits under Schedule FSI. TDS deducted at higher rates on NRO income can be claimed as a refund through accurate ITR-2 filing.
Schedule AL (Assets and Liabilities) must be filled in ITR-2 when total income exceeds ₹50 lakh. It requires disclosure of movable assets, immovable assets, and corresponding liabilities as at 31 March. Errors attract scrutiny under the Black Money Act.
No. Capital losses can only be carried forward if the ITR is filed on or before the original due date — 31 July for individuals not under audit. A belated return forfeits this carry-forward benefit. Timely ITR-2 filing is critical for taxpayers with market-linked losses.
Taxpayers can declare any two self-occupied properties as nil annual value. Third and beyond are deemed let-out and taxed on notional rent. For let-out properties, actual rent minus 30% standard deduction and actual home loan interest is taxable. Loss can be set off against other heads up to ₹2 lakh per year, with balance carried forward for eight years.
Required documents include Form 16, Form 26AS and AIS, capital gains statements from brokers, property sale and purchase deeds, home loan interest certificates for all properties, foreign income details, directorship details, and investment proofs for Chapter VI-A deductions. We share a comprehensive checklist at engagement start.
Complex Income, Clean Return
Capital gains, NRI income, multiple properties — let our CA team navigate every schedule of ITR-2 accurately and on time.
Get Started Today or call +91 9819 000 511