You must disclose capital gains in ITR-2 if you sold capital assets during FY 2025-26, including: ✔ Listed or unlisted shares ✔ Mutual funds ✔ Property or land ✔ Gold, bonds, or other investments
Before filing your return, gather: -Capital gains statement from your broker -Mutual Fund Consolidated Account Statement (CAS) -Property purchase and sale documents -AIS and Form 26AS for verification Keeping complete records helps reduce filing errors and speeds up return processing.
Report every transaction in Schedule CG by entering: -Purchase and sale dates -Sale consideration -Cost of acquisition -Transfer expenses -Short-Term or Long-Term Capital Gain
While filing ITR-2, remember to: ✔ Report capital losses ✔ Claim eligible exemptions, where applicable ✔ Carry forward eligible losses ✔ Match details with AIS before submission Reviewing your return carefully can help avoid notices and incorrect tax calculations.
Correctly reporting capital gains helps ensure tax compliance and smoother return processing. Review your details, verify your return, and stay updated with trusted tax and investment insights from NiveshKarlo.