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How to File ITR-2 for Capital Gains/Multiple Properties 2026

ITR-2 - For salary + capital gains, multiple properties, foreign income/assets. NOT for business.

📁 Tax ⏱️ 45-90 mins 💰 Free Self-Filing

About This Guide

ITR-2 for individuals/HUF with: salary, multiple house properties, capital gains (shares/MF/property), foreign income/assets, agricultural income > ₹5,000, lottery winnings. NOT for business income (use ITR-3). Free at incometax.gov.in. Pre-filled Form 16/AIS data. Due July 31.

Eligibility Criteria

Resident or NRI
Salary + capital gains
Multiple house properties
Foreign income/assets
Agricultural income > ₹5,000
NOT for business/profession income
PAN + Aadhaar linked

Documents Required

Keep these documents ready before starting application. Missing documents = delayed approval.

PAN
Aadhaar
Form 16 (employer)
Form 16A/16B/16C (TDS)
AIS/26AS
Capital gains statement (CAMS/Karvy/broker)
Bank statements
Property purchase/sale deeds
Foreign income proof
Form 67 (foreign tax credit)

Step-by-Step Application Process

Follow these steps in order. Each step is critical - skip none.

incometax.gov.in. PAN + password.

File ITR

e-File → Income Tax Returns → File ITR.

Choose AY

Assessment Year 2025-26.

Choose ITR-2

Filter by status → ITR-2.

Pre-Filled Data

Salary, TDS, AIS auto-fetched.

Personal Info

Verify pre-filled.

Income Details

Salary (Schedule S), Capital Gains (Schedule CG), House Property (Schedule HP), Other Sources.

Capital Gains

STCG/LTCG separately. Equity, debt, property breakdowns.

Foreign Assets

Schedule FA - foreign bank accounts, shares, property.

Deductions

80C, 80D, 80G, etc.

Tax Computed

Auto-calculated.

Verify + Submit

Aadhaar OTP e-verification.

Acknowledge

Download ITR-V.

Key Benefits

Free self-filing
Pre-filled data 70-80%
Capital gains specific
Foreign assets disclosure
Avoids Section 270A penalty
Refund tracker
Belated filing till Dec 31

What Happens After Application?

Refund processing 30-90 days. Foreign asset non-disclosure: severe penalty + prosecution.

Frequently Asked Questions

Multiple properties?

Self-occupied (max 2 from FY 2019-20) + Let-out (rental income). All in Schedule HP.

Foreign assets disclosure?

MANDATORY in Schedule FA if held foreign assets any time. Non-disclosure: ₹10L penalty + prosecution.