ITR-2 Form Filing with Capital Gains
Comprehensive Filing for Individuals and HUFs with Tax Pal Solutions
At Tax Pal Solutions, we make ITR-2 filing simple for individuals and Hindu Undivided Families (HUFs) who earn income from salary, multiple house properties, capital gains, and other sources. Our experts ensure accurate reporting of long-term and short-term capital gains, full compliance, and timely refunds.
Why File ITR-2 with Tax Pal Solutions?
- Expert guidance on eligibility and form selection
- Error-free filing with auto-import of Form 16, 26AS, and capital gains data
- Assistance with deductions, exemptions, and tax-saving calculations
- Quick e-verification for faster processing
- Trusted by professionals, investors, and HUFs across India
Key Details of ITR-2
| Particulars | Information |
|---|---|
| Applicable To | Individuals and HUFs earning income from salary, multiple house properties, capital gains, and other sources |
| Exclusions | Business/professional income, income from partnership firms, or individuals with audit requirement |
| Mode of Filing | 100% Online (Income Tax Portal) |
| Verification | Aadhaar OTP, DSC, or Electronic Verification Code |
| Due Date (AY 2025-26) | 31st July 2025 (non-audit cases) |
| Penalty for Delay | ₹1,000 to ₹10,000 depending on income and filing date |
Benefits of Filing ITR-2 Online
- Saves Time: Complete filing quickly with auto-filled data
- Accurate Capital Gains Reporting: LTCG/STCG computation simplified
- Faster Refunds: Direct bank credit within weeks
- Error-Free Filing: Minimizes mistakes with pre-populated information
- Valid Proof: Serves as income and address proof for loans/visas
- 100% Secure: Paperless, encrypted, eco-friendly process
- Anytime Access: File from mobile or laptop, 24x7
Eligibility for ITR-2
You can file ITR-2 if you:
- Earn income from salary or pension
- Own multiple house properties
- Earn capital gains (long-term and short-term)
- Have income from other sources like interest, dividends, or family pension
- Have foreign assets or foreign income (reportable)
- Do not have business or professional income requiring audit
Who Cannot File ITR-2?
- Individuals/HUFs with business or professional income
- Persons under audit requirement
- Partnership firms or proprietors
- Individuals with agricultural income exceeding ₹5,000 claiming separate forms
- Those filing ITR-3 or ITR-4
ITR-2 Form Structure
- Part A: General taxpayer details
- Part B: Income from salary/pension, house property, capital gains, other sources
- Deductions (Chapter VI-A): 80C, 80D, 80G, etc.
- Tax Computation: Total income, tax payable, TDS, advance tax, refund
- Schedule CG: Detailed reporting of short-term and long-term capital gains
- Schedule FA: Foreign assets and income reporting
- Schedule SPI: Income from specified persons
- Bank Details: Active accounts and refund account
- Verification: Declaration and e-verification
Major Changes for AY 2025-26
- Mandatory reporting of LTCG/STCG with accurate computation
- Schedule-wise deduction selection for precise filing
- Only valid 12-digit Aadhaar accepted for verification
- TDS/TCS schedules updated with additional columns for clarity
Penalty for Late Filing
| Taxable Income | Penalty (u/s 234F) |
|---|---|
| Up to ₹5,00,000 | ₹1,000 |
| Above ₹5,00,000 (filed by 31st Dec) | ₹5,000 |
| Above ₹5,00,000 (filed after 31st Dec) | ₹10,000 |
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Additional 1% monthly interest on unpaid tax
Certification
