Call For Business Enquiries : +91 97650 00966 / +91 98190 00511 / +91 98218 32683
Call For Business Enquiries : +91 97650 00966 / +91 98190 00511 / +91 98218 32683
ITR-2 Return Filing · Baner, Pune
Capital gains, foreign assets, ESOP & NRI income returns — filed with specialist accuracy from our Baner, Pune office.
Overview
ITR-2 is the return form for individuals and HUFs whose income profile extends beyond ITR-1 — capital gains, multiple properties, foreign income and assets, directorships, and NRI/RNOR status.
For Pune's large IT workforce — where ESOPs, RSUs and offshore assignments are common — ITR-2 is the standard form rather than an exception. N D Savla & Associates provides specialist expertise in capital gains computation, ESOP taxation, Schedule FA foreign asset disclosure, and Schedule TR DTAA credit claims. Connects with our expatriate taxation service.
📌 ITR-2 is mandatory for any taxpayer with capital gains — even Rs 500 from a mutual fund redemption. Filing ITR-1 instead makes the return defective under Section 139(9).
Who must file
Even if every other income source is simple, one of these makes ITR-2 mandatory.
Any short or long-term gain from equity, mutual funds, property, gold, or unlisted shares.
Any foreign bank account, equity, insurance policy, or income accruing outside India — Schedule FA.
Perquisite at exercise (Schedule S) plus capital gain at sale — both stages must be reported.
Non-resident or RNOR status, company directorship, or unlisted equity holdings at any time in the year.
What we handle
Capital gains, ESOPs and foreign assets — where most errors occur.
Get a fixed-fee quote →Listed equity/MF: LTCG 12.5% (>12 months); STCG 20%. Real estate: LTCG 12.5% (>24 months, no indexation post 23 Jul 2024). Rates vary by asset class and holding period.
Stage 1: perquisite on exercise (FMV − exercise price) taxed as salary. Stage 2: capital gain on sale (sale price − FMV on exercise). Foreign-parent ESOPs use RBI reference rates for INR conversion.
Foreign bank accounts, equity, insurance policies, immovable property and trust interests — mandatory for ROR individuals even if no income arose.
Form 16, broker capital gains statement, CAMS/KFintech CAS, ESOP transaction summary, Form 26AS/AIS, rental and home loan certificates, TRC and Form 10F for NRIs, VDA transaction ledger.
Frequently asked questions
Anyone with total income above Rs 50 lakh, any capital gains, income from two or more house properties, foreign assets or signing authority abroad, NRI/RNOR status, company directorship, unlisted equity holdings, or virtual digital asset income.
At two stages: the exercise-date perquisite (FMV minus exercise price) is taxed as salary in Schedule S, and the subsequent sale is taxed as a capital gain based on the holding period from the exercise date.
Schedule FA requires Resident and Ordinarily Resident (ROR) taxpayers to declare all foreign assets held at any time during the year — bank accounts, equity, insurance, property — even if they produced no income. NRIs and RNORs are exempt.
Non-disclosure in Schedule FA attracts a penalty of Rs 10 lakh per year per undisclosed asset under the Black Money Act, 2015 — separate from income tax and not curable by voluntary disclosure after assessment begins.
Related services
Book a free consultation with a qualified Chartered Accountant in Pune — capital gains, ESOPs and foreign assets, handled right.
N D Savla & Associates | ndsavla.in | +91 98219 32683 | info@ndsavla.in