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.
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.
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.
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 |
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