Income Tax
ITR-2 Filing
File ITR-2 for individuals and HUFs with income from capital gains, multiple house properties, foreign income or assets.
Overview
ITR-2 is for individuals and HUFs who do not have income from business or profession. It covers salary, multiple house properties, capital gains (equity, mutual funds, property), foreign income, foreign assets and other sources.
Who Should File ITR-2?
- Individuals/HUFs with capital gains income
- Income from more than one house property
- Foreign income or foreign assets
- Directors of a company (without business income)
- Income above Rs 50 lakhs
Why Choose VSB Consultants?
Capital gains computation requires careful calculation of cost of acquisition, indexation and applicable exemptions. We handle the complete computation and filing.
Requirements, documents, government fees, professional fees and timelines may vary depending on the applicant, jurisdiction, portal status and applicable law. The final scope will be confirmed after reviewing the specific case.
FAQ
Frequently Asked Questions
Yes, ITR-2 requires detailed schedules for capital gains, foreign assets and income, and income from multiple sources. Professional assistance is recommended.
Yes, capital losses from previous years can be set off against capital gains in the current year, and remaining losses can be carried forward.
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