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TaxCare

ITR form

ITR-2

For individuals and HUFs with no business income whose return goes beyond ITR-1 — capital gains, more than one house, losses to carry forward or income above ₹50,00,000.

Start filingHow TaxCare handles it

In short

Capital gains, more than one house, income above ₹50,00,000 — no business income.

Equity long-term gains free of tax each year
₹1,25,000
Tax on equity long-term gains above that
12.5%

Is this you?

  • You sold shares, mutual funds or other assets
  • You own more than one house property
  • Your total income is above ₹50,00,000
  • You have a loss to carry forward

Key figures for Tax Year 2025-26

Taken from the same rule tables the TaxCare app files with.

Equity long-term gains free of tax each year
₹1,25,000
Tax on equity long-term gains above that
12.5%
Due date (no business income, no audit)
31-Jul-2026

Who can't use ITR-2

You don't have to work this out. TaxCare picks the form from your own records and tells you why if it moves you to another one. If none of ITR-1 to ITR-4 fits, a Tax Expert can file it for you.

  • Income from a business or profession

How TaxCare handles it

Only what the app does today — nothing promised for later.

  1. Your records, fetchedOnce your PAN is connected, TaxCare pulls your AIS, TIS and Form 26AS or Form 168 straight from the Income Tax portal.
  2. Share and fund sales, worked outSales of listed shares and mutual funds reported in your AIS are turned into gains. Add your broker's statement for purchase dates and costs.
  3. Equity gains at the right rateLong-term gains on listed equity are free up to ₹1,25,000 a year, then taxed at 12.5%. Short-term gains are taxed at 20%.
  4. Losses set off and carried forwardLosses are set off against gains as the law allows, and what is left is carried forward to later years when you file by the due date.
  5. Property or crypto? A Tax Expert files itGains from selling land or a building, and income from crypto and other virtual digital assets, are filed by a TaxCare Tax Expert.
  6. The right form, from your dataTaxCare works out whether you file ITR-1, 2, 3 or 4 from what your records show — and tells you the reason when it moves you up a form.

What you need

Most of your figures are fetched for you. Keep these ready.

  • Your PAN, linked with your Aadhaar

  • Your Aadhaar-linked or portal-registered mobile, for the OTP

  • Your broker's capital gains statement, with purchase dates and costs

  • Form 16 from each employer, to cross-check salary and TDS

  • A bank account in your name, validated on the Income Tax portal, for the refund

Guides on this topic

  • ITR forms: which one to file

    Which ITR form should I file? A simple guide

    ITR-1 is for simple salary and interest income, ITR-2 adds capital gains and more than one house, ITR-3 is for business with books, and ITR-4 is for presumptive income. Use this guide to pick the right form.

    4 min readUpdated 26-Oct-2026

  • ITR forms: which one to file

    ITR-1 (Sahaj): who can file it and how

    ITR-1 (Sahaj) is the simplest return form, for resident individuals with income up to ₹50 lakh from salary, one house, interest and small capital gains. Check the conditions and see how to fill it.

    4 min readUpdated 26-Oct-2026

  • ITR forms: which one to file

    Can a salaried person with capital gains file ITR-1?

    Only in one case: long-term gains on listed shares or equity funds up to ₹1,25,000, and no other capital gain. Any other gain, or a larger one, means ITR-2. Here is how to check your own position.

    4 min readUpdated 26-Oct-2026

See all guides on this topic

Questions, answered

Who files ITR-2?

Individuals and HUFs with no income from a business or profession who can't use ITR-1 — because of capital gains, more than one house, foreign income, losses or higher income.

I'm a company director. Is it ITR-2?

Usually, if you have no business income. Directors and holders of unlisted shares are filed by a TaxCare Tax Expert, because of the extra disclosures.

I have income or assets abroad.

That needs ITR-2 or ITR-3 with the foreign asset schedule. A TaxCare Tax Expert files it for you.

Why did TaxCare move me from ITR-1 to ITR-2?

Something in your records — a capital gain, a second house, a loss — rules out ITR-1. TaxCare shows you the exact reason.

Gains and more — filed in ITR-2.

Your first return with TaxCare gets 25% off. The fee follows your income: free up to ₹1,00,000, then from ₹49 — never more than ₹1,499.

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