Real Estate and Stock Market Capital Gains - Who Should NOT File ITR-2

Filing your Income Tax Return (ITR) is an important financial liability, but not everyone needs to use ITR-2. Here we will help you to understand when you should consider ITR-2 for reporting real estate and stock market capital gains, and when you might be exempt from this form. Our online tax consultants are here to simplify the process for you.

Who Should NOT File ITR-2:

Individuals with Simple Incomes: If your get income from salary, with no important capital gains or complex financial transactions, you do not need to file ITR-2. You need to opt for ITR-1 or a more suitable form.

HUFs with Minimal Income Sources: Hindu Undivided Families (HUFs) with basic income sources, should take the relevant form (ITR-1 or ITR-3, depending on the circumstances).

Business Owners: If you are a business person and have business income, ITR-2 might not be the right form. You should consider ITR-3 or ITR-4, depending on the size and nature of your business.

Company Taxpayers: Companies and firms should not file ITR-2. They have specific forms like ITR-6 for companies, and ITR-5 for firms that are more suitable for their tax return requirements.

When to Choose ITR-2:

Real Estate Capital Gains: If your income is from the sale of property, whether it is short-term or long-term capital gains, ITR-2 is the suitable form to you. This includes profits from selling residential or commercial properties both.

Stock Market Capital Gains: Individuals or HUFs involved in trading shares and stocks, with both short-term and long-term capital gains, must file ITR-2.

Foreign Assets and Income: If you have foreign assets or income from overseas, ITR-2 is the appropriate form for reporting this income.

Multiple House Properties: If you own more than one house property, this form is to be usde for reporting income from these properties. This includes the annual rental income or deemed rental income from vacant properties.

Income from Other Complex Sources: If your income includes various sources such as capital gains, foreign income, agricultural income exceeding Rs 5,000, and more.

Please call us on 📞 +91-9719586772 or write us at info@sktaxlawfirm.com for Real estate capital gains ITR, Stock market capital gains filing, Online tax consultant for ITR 2,. We provide our services in Ghaziabad and all below location.

Services Available in Following Areas

Sahibabad

Loni

Nyay Khand III

NH-24

Surya Nagar

Vasundhara Sector-14

Amrit Nagar

Gokalpuri

Nehru Nagar-II

Vasundhara Sector-9

Sewa Nagar

Elaichipur

Nehru Nagar-III

Govind Puram

Sanjay Nagar

Dilshad Plaza

Madhopura

Vasundhara Sector-7

Vaishali

GT Road

Nehru Nagar

Vasundhara Sector-4

Shakti Khand I

Gyan Khand I

Dilshad Extension

Raj Nagar Extension

Bhram Puri

Husainpur

Janakpuri

Vasundhara Sector-8

Shastri Nagar

Hazipur

Naya Ganj

Vasundhara Sector-12

Gyan Khand II

Hapur Road

Kavi Nagar

Chhapraula

Nai Basti Dundahera

Dhoom Manikpur

Nyay Khand I

Vasundhara Sector-10

Gyan Khand III

Crossing Republik

Lohia Nagar

Lal Kuan

Gyan Khand IV

Ahinsa Khand II

Niti Khand II

Madhuban Bapudham

LOCALITY

Ahinsa Khand I

Rajendra Nagar

Dundahera

Pandav Nagar Industrial Area

Abhay Khand 2

Vasundhara

Harsaon

Vasundhara Sector-5

Ambedkar Road

Niti Khand I

Wave City

Harbans Nagar

Ankur Vihar

Abhay Khand

Vasundhara Sector-1

Vasundhara Sector-19

Chipiyana Buzurg

Vaibhav Khand

Mahurali

Shakti Khand III

Bahrampur

Defence Colony

Muradnagar

Niti Khand III

Indraprastha Yojna

Patel Nagar

Sehani Khurd

Lalbag Colony

Kala Patther

Daulatpura

Ved Vihar

Raj Nagar

Pink City

Vasundhara Sector-2A

Raispur

Vaishali Extension

Nyay Khand II

Vasundhara Sector-15

Bhuapur

Vijay Nagar

NH-91

Model Town

Shahpur Bamheta

Shakti Khand II

Ramprastha

Kaushambi

Raghunathpur

Vasundhara Sector-17

RK Puram

Bhopura

Dasna

Vasundhara Sector-18

Shalimar Garden Extention 2

Neelmani Colony

LOCALITY

Behta Hajipur

Shalimar Garden Extention 1

Maliwara

Trans Delhi Signature City

Chiranjiv Vihar

Shahberi

Pratap Vihar

Farukh Nagar

Vasundhara Sector-13

NH-58

Shalimar Garden

Pilkhuwa

Panchsheel Enclave

NH-34

Vasundhara Sector-16

Modinagar

Vasundhara Sector-2B

Lajpat Nagar

Kamla Nehru Nagar

Vaishali Sector-9

Avantika

Koyal Enclave

Chander Nagar

Vikram Enclave

Vasundhara Sector-6

Kinauni Village

Nandgram

Vaishali Sector-5

Vasundhara Sector-11

Loni-Delhi Road

Indirapuram

Vaishali Sector-2

Krishna Vihar

Makanpur

Vasundhara Sector-3

Vaishali Sector-1

Shakti Khand IV

Mohan Nagar

Ghukna

Vasundhara Sector-2C

Sadiqpur

Masuri

Hindan Residential Area

Siddharth Vihar

Swaran Jyanti Puram

Shatabdipuram

Marium Nagar

Vaishali Sector-3

Shyam Pak 

 

 

Real Estate Capital Gains ITR in Ghaziabad, Stock Market Capital Gains Filing in Ghaziabad, Online Tax Consultant for ITR 2 in Ghaziabad