ITR-2 Filing in Pune: Capital Gains on Shares, Mutual Funds, Crypto & Real Estate Guide

Mastering ITR-2 Filing in Pune: Capital Gains, Crypto Assets & Overseas Income

When an individual taxpayer or Hindu Undivided Family (HUF) earns income beyond standard salary—specifically capital gains from listed equities, mutual fund redemption, ESOP vesting from multinational tech employers, real estate sales across Pune, or foreign assets—ITR-2 is the mandatory form to file. Unlike ITR-1, ITR-2 accommodates taxpayers who do not have profits from business or profession but manage diverse investment portfolios.

Pune has seen exponential wealth generation through tech startups and IT multinationals where professionals receive stock options (RSUs/ESOPs) from parent entities in the US or Europe. Under Indian tax laws, holding foreign shares requires mandatory disclosure in Schedule FA (Foreign Assets). Failure to disclose foreign holdings attracts stringent scrutiny and penalties up to ₹10 Lakhs under the Black Money Act. Learn how KOKJAGUAR Consultancy manages complex portfolios via our expert ITR filing solutions.

Key Schedules Covered under ITR-2

• Schedule CG (Capital Gains): Computation of STCG under Section 111A (20%) and LTCG under Section 112A (12.5% exceeding ₹1.25 Lakhs) following Finance Act updates.
• Schedule VDA: Virtual Digital Assets reporting for cryptocurrency transactions taxed at a flat 30% with 1% TDS under Section 194S.
• Schedule HP: Multiple house properties with municipal tax deductions, unrealized rent, and 30% standard deduction under Section 24(a).
• Schedule FA: Mandatory disclosure of foreign bank accounts, overseas shares, depository accounts, and trusts.