TaxSavvy

Tax planning

Income tax return with capital gains, ITR-2

  • If you sold shares, mutual funds, property or crypto, or you have foreign income or more than two houses, you file ITR-2.
  • Deadline: Due 31 July of the assessment year (31 July 2026 for AY 2026-27, now passed). Belated return up to 31 December 2026.
  • Done in 2 to 3 working days after capital gains statements and AIS
  • Prepared by your Savvy, checked by a CA
  1. Broker capital gains statement
  2. What did you sell this year
  3. Confirm ITR-2 is the right form
  4. Filed ITR-2 acknowledgement
The law and the stepsPay and start · ₹2,499Yearly, + 18% GST

Answer in brief

If you sold shares, mutual funds, property or crypto, or you have foreign income or more than two houses, you file ITR-2. We collect your capital gains statements, compute short and long term gains at the right rates, match them with AIS, and file and e-verify the return.

Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.

From the official sources

What the law says, and what trips people up

From the official portal's manuals and FAQs, with the source for each point.

The law

  • Income-tax Act 1961, Sec 139(1) (now Sec 263(1)), Explanation 2 as substituted by Finance Act 2026

    Due date 31 July for assessees without business income or auditSource

  • Income-tax Act 1961, Sec 111A and 112A (now Sec 196 and 198; as amended from 23 July 2024)

    STCG on listed equity at 20%; LTCG on listed equity at 12.5% above ₹1.25 lakhSource

  • Income-tax Act 1961, Sec 112 (now Sec 197; as amended from 23 July 2024)

    LTCG on property at 12.5% without indexation; resident individuals and HUFs may choose 20% with indexation for property acquired before 23 July 2024Source

  • Income-tax Act 1961, Sec 50C (now Sec 78)

    For land or building, the stamp duty value can replace the sale price as full value of considerationSource

  • Income-tax Act 1961, Sec 50AA (now Sec 76)

    Gains on unlisted bonds and debentures transferred after 23 July 2024 are short term regardless of holdingSource

  • Income-tax Act 1961, Sec 234F (now Sec 428)

    Late fee ₹1,000 or ₹5,000 by incomeSource

  • Government fee

    No fee for filing on time. Tax due is paid as self-assessment tax through e-Pay Tax before filing. Source: https://www.incometax.gov.in/iec/foportal/help/how-to-file-itr2-form

  • Late fee or penalty

    After 31 July: Sec 428 (old Sec 234F) fee ₹1,000 (total income up to ₹5,00,000) or ₹5,000, plus Sec 423 (old Sec 234A) interest 1% a month on unpaid tax; capital losses of a late return cannot be carried forward. Source: https://www.incometax.gov.in/iec/foportal/help/all-topics/e-filing-services/%20income%20tax%20returns-faq and https://calcguru.in/belated-return-after-due-date/

On the portal

  1. Login > e-File > Income Tax Returns > File Income Tax Return
  2. Select AY 2026-27, mode Online (or offline utility JSON upload)
  3. Select status, choose ITR-2 and Proceed
  4. Part A General: check personal details, residential status and answer the new regime question
  5. Fill Salary, House Property, Other Sources, then Schedule CG, 112A and VDA
  6. Complete CYLA, BFLA, CFL, deductions, and FA or AL where required
  7. Review Part B TI and TTI; Pay Now if tax is payable
  8. Preview, validate and e-verify

What trips people up

  • Reporting only the profit, or missing capital losses, or wrong holding period

    Report each transfer with sale value, cost and dates from the broker statement and reconcileSource

  • Trusting AIS sale values blindly

    AIS shows gross sale values only; verify against your own statements before filingSource

  • Shares bought before 31 January 2018 entered in aggregate

    Scrip-wise details are mandatory in Schedule 112A for such sharesSource

  • Each land or building sale clubbed together

    Each land or building transfer must be entered separately in Schedule CGSource

  • Old 10% and 15% rates or 23 July 2024 split expected in the form

    AY 2026-27 form removed the split; the utility applies 20% and 12.5% by transfer dateSource

People ask

Can I file ITR-2 if I trade in F&O?

No. F&O and intraday are business income and need ITR-3.Source

When is Schedule AL needed?

When total income exceeds ₹1 crore (raised from ₹50 lakh from AY 2025-26).Source

Do NRIs fill Schedule FA?

No. Schedule FA is not required for non-residents or RNORs.Source

Can I still use indexation on my flat?

Resident individuals and HUFs can choose 20% with indexation for property acquired before 23 July 2024, or 12.5% without.Source

What is the last date for ITR-2 this year?

31 July 2026, then belated up to 31 December 2026.Source

IDFD

How we solve it: 4 steps

Every line tracked live.

Step 1 of 4 · What we need from you

Tap each one you already have

Ready0 / 9
  • Broker capital gains statement
  • Mutual fund capital gains statement
  • Pre-31 January 2018 purchase recordsOptional
  • Property sale and purchase deedsOptional
  • Stamp duty valuation of propertyOptional
  • Form 130 (old Form 16) and AIS, TIS, Form 168 (old Form 26AS)
  • Reinvestment proofs for exemptionsOptional
  • Foreign assets and income detailsOptional
  • Validated bank account

Connect now

A Savvy replies in minutes.

Fixed price before you pay. Your Savvy is paid only after you accept the work.

Connect nowPay and start: ₹2,499

Answers on this topic

Ask any money problem

Pay and start

₹2,499

₹2,499 + ₹449.82 GST = ₹2,948.82

Yearly. Delivered in 2 to 3 working days after capital gains statements and AIS. Due: Due 31 July of the assessment year (31 July 2026 for AY 2026-27, now passed). Belated return up to 31 December 2026.

  • Every paid answer checked by a CA
  • Fixed price before you pay
  • Track every step live
  • Updates on WhatsApp and in your dashboard