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Income Tax
Income Tax Department

ITR-2

ITR for Individuals + HUFs (no business income)

For individuals and HUFs with capital gains, multiple properties, foreign income, or director / unlisted shareholding.

Who files

Individuals + HUFs with capital gains, foreign income, multi-property, director status.

Due date

31 July

Penalty

₹5,000 late fee + 1% interest.

Filed on

incometax.gov.in

What is ITR-2?

ITR-2 is for individuals and HUFs without business/professional income but with: capital gains, multiple house properties, foreign assets/income, director in any company, holding unlisted equity shares, or income > ₹50 lakh. Replaces ITR-1 when these conditions apply.

Key fields in ITR-2

1

Schedule CG (capital gains — STCG + LTCG)

2

Schedule HP (multiple house properties)

3

Schedule FA (foreign assets)

4

Schedule AL (assets and liabilities)

5

Schedule SI (special income)

FAQ

Salaried + capital gains — ITR-1 or ITR-2?

ITR-2 — any capital gains requires it. ITR-1 has no Schedule CG.

Director in a company with no business — ITR-2 or ITR-3?

ITR-2 if no business income. Just being a director triggers ITR-2 (cannot use ITR-1).

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