🏠 ITR-2 Filing – For Individuals & HUFs with Capital Gains or Multiple Properties
File your ITR-2 accurately and claim all eligible refunds with expert support in Vijayawada, Hyderabad & PAN India.
1. What is ITR-2?
ITR-2 is designed for individuals and Hindu Undivided Families (HUFs) who have more complex income sources that cannot be reported in ITR-1.
ITR-2 covers:
- Income from salary or pension
- Income from multiple house properties
- Capital gains (short-term & long-term) from sale of property, stocks, or mutual funds
- Income from other sources, including foreign income or assets
- Agricultural income exceeding ₹5,000
Filing ITR-2 ensures compliance, maximizes refunds, and provides proof of income for loans, visas, or investments.
2. Who Can File ITR-2? (Eligibility)
✅ Eligible:
- Individuals with capital gains from property, shares, or mutual funds
- Individuals/HUFs with income from more than one house property
- Income from salary, pension, or other sources
- Foreign income or assets (if any)
❌ Not Eligible:
- Individuals with business or professional income (use ITR-3 or ITR-4)
- Companies, firms, or trusts (use ITR-5, ITR-6, ITR-7)
3. Types of Income Covered in ITR-2
- Salary / Pension Income – from employer or government
- House Property Income – single or multiple properties
- Capital Gains – sale of property, shares, mutual funds, or securities
- Other Sources – interest, dividends, family pension, lottery winnings
- Foreign Income & Assets – if applicable
- Agricultural Income – exceeding ₹5,000
Important: ITR-2 is suitable for those who cannot use ITR-1 due to capital gains, multiple properties, or foreign assets.
4. Documents Required for ITR-2 Filing
- PAN & Aadhaar Card
- Form 16 / Salary slips
- Capital gains statements (brokerage, mutual funds, property sale docs)
- Bank statements, interest certificates
- Form 26AS – TDS and tax credit
- Property ownership & rent receipts
- Investment proofs for deductions (80C, 80D, 80G, etc.)
- Foreign asset/income proof (if applicable)
Organizing documents beforehand ensures faster and accurate filing.
5. Step-by-Step ITR-2 Filing Process
Document Collection
PAN, Aadhaar, Form 16, capital gains & property documents, bank details, and investment proofs
PAN, Aadhaar, Form 16, capital gains & property documents, bank details, and investment proofs
Income & Deduction Calculation
Experts calculate taxable income, capital gains, and eligible deductions
Experts calculate taxable income, capital gains, and eligible deductions
Form Filling
ITR-2 filed accurately on the Income Tax portal
ITR-2 filed accurately on the Income Tax portal
Verification & Submission
E-verify using Aadhaar OTP, net banking, or DSC
E-verify using Aadhaar OTP, net banking, or DSC
Acknowledgement (ITR-V)
Track refund status
Track refund status
Filing with experts ensures maximum accuracy, correct classification, and timely refunds
6. Deductions & Tax Savings in ITR-2
| Section | Benefit | Notes |
|---|---|---|
| 80C | ₹1.5 lakh deduction | Investments in PPF, EPF, Life Insurance, NSC, ELSS, tuition fees |
| 80D | Deduction on medical insurance | For self, family, and parents |
| 80G | Donations | Deduction on approved charities |
| 24(b) | Home loan interest | For multiple properties |
| 10(14) | HRA | House Rent Allowance exemption |
| 80TTA | Savings account interest | Up to ₹10,000 |
| 54 / 54F | Capital gains exemptions | Reinvestment in residential property |
Expert guidance ensures all deductions and exemptions are claimed correctly, especially for capital gains.
7. Benefits of Filing ITR-2
8. Common Mistakes to Avoid
- Incorrect reporting of capital gains
- Missing details for multiple house properties
- Filing wrong ITR (ITR-1 instead of ITR-2)
- Missing deductions under 80C/80D/54/54F
- Not including foreign income/assets
- Filing late → penalties & interest
Expert filing ensures error-free submissions and faster refunds
9. FAQs – ITR-2 Filing
Q1. Who should file ITR-2?
Individuals or HUFs with income from multiple house properties, capital gains, or foreign assets.
Q2. Can I claim deductions under ITR-2?
Yes, sections 80C, 80D, 80G, 24(b), 54, and others apply.
Q3. Can I file ITR-2 if I have business income?
No. Business/professional income requires ITR-3 or ITR-4.
Q4. Do I need to report capital gains?
Yes. All capital gains from property, shares, or mutual funds must be reported.
Q5. Can I file ITR-2 online myself?
Yes, but complex income can lead to errors. Filing with experts ensures accurate reporting and maximum refunds.
Q6. How do I claim exemptions for capital gains?
By investing in residential property or specified bonds under Sections 54/54F. Experts can guide you correctly.
Q7. Can I include foreign income or assets?
Yes. Reporting foreign income/assets is mandatory for compliance.
Q8. Can I revise ITR-2 after submission?
Yes. A revised return can be filed before the due date.
Q9. How long for tax refund after ITR-2 filing?
Refunds are usually processed in a few weeks if filed accurately.
Q10. Do you provide ITR-2 services PAN India?
Yes. RightTax Pro Advisors offers expert online filing anywhere in India.
10. Final Call-to-Action
“File Your ITR-2 Accurately & Hassle-Free Today!”
Avoid penalties, maximize refunds, and ensure compliance with RightTax Pro Advisors.
Avoid penalties, maximize refunds, and ensure compliance with RightTax Pro Advisors.
🌍 Offices in Vijayawada & Hyderabad | PAN India Services