ITR-2 is the Income Tax Return form applicable to Individuals and Hindu Undivided Families (HUFs) who do not have income from business or profession but have more complex income sources than those covered under ITR-1.
For Assessment Year (AY) 2026-27, the Central Board of Direct Taxes (CBDT) has notified the revised ITR-2 form with several important disclosure and reporting changes.
Who Should File ITR-2?
ITR-2 is applicable for:
- Individuals and HUFs not eligible to file ITR-1
- Taxpayers having income above ₹50 lakh
- Individuals with capital gains from shares, mutual funds, or property
- Taxpayers owning more than two house properties
- Individuals having foreign assets or foreign income
- Directors in companies
- Persons holding unlisted equity shares
- NRIs and RNORs in specified cases
Who Cannot File ITR-2?
You cannot file ITR-2 if:
- You have income from business or profession
- You are eligible for ITR-3 or ITR-4
- You have presumptive business income under Sections 44AD, 44ADA, or 44AE
Major Changes in ITR-2 for AY 2026-27
1. Enhanced Capital Gains Reporting
The revised ITR-2 now includes additional reporting requirements for:
- Buyback losses
- Capital gain disclosures
- Improved reconciliation of securities transactions
CBDT has also simplified certain capital gains disclosures compared to earlier forms.
2. Secondary Address & Contact Details
New fields have been introduced for:
- Secondary residential address
- Alternate mobile number
- Alternate email ID
These changes are aimed at improving communication between taxpayers and the Income Tax Department.
3. Revised Personal Information Section
The updated form now captures:
- Detailed residential status
- PAN and Aadhaar reporting
- Filing status such as original, revised, belated, or updated return
4. Improved Disclosure Requirements
Additional disclosures have been introduced for:
- Foreign assets and foreign income
- Unlisted equity shares
- High-value transactions
- Schedule-wise reporting for better transparency
Due Dates for ITR-2 AY 2026-27
| Particulars |
Due Date |
| Original Return Filing |
31 July 2026 |
| Belated Return |
31 December 2026 |
| Revised Return |
31 March 2027 |
| Updated Return (ITR-U) |
Up to 31 March 2031 |
The revised return deadline has been extended to 31 March 2027 for AY 2026-27.
Documents Required for ITR-2 Filing
- PAN Card
- Aadhaar Card
- Form 16
- Form 26AS
- AIS & TIS
- Capital gain statements
- Foreign asset details (if applicable)
- Bank statements
- Home loan certificate
- Dividend income details
- Investment proofs
Common Types of Income Reported in ITR-2
- Salary and pension income
- Capital gains from:
- Shares
- Mutual funds
- Property sale
- Rental income
- Foreign income
- Dividend income
- Interest income
Important Note for AY 2026-27
Although the new Income Tax Act, 2025 has come into force from April 2026, returns for AY 2026-27 relating to FY 2025-26 will continue to be governed by the Income Tax Act, 1961.
Benefits of Filing ITR-2 Correctly
- Avoid notices and scrutiny
- Accurate capital gain reporting
- Faster refund processing
- Proper foreign asset disclosure compliance
- Easy loan and visa approvals
Official filing portal: Income Tax e-Filing Portal
