Fact-check notes
Last fact-checked: 2026-05-30
Tax caution: AY 2026-27 covers FY 2025-26 and continues under the Income-tax Act, 1961. New Act, new section and new form references should be verified against official utilities before filing.
Use this page as preparation guidance. A professional should verify the active law year, notification, portal utility and source records before filing or taking a tax position.
What this covers
ITR-2 is often needed when a salaried taxpayer has capital gains, RSUs, ESOP sale, foreign bank/broker accounts or Schedule FA disclosures.
- Capital gains generally require Schedule CG and broker/FIFO workings.
- Foreign RSUs can create salary, capital gains and Schedule FA disclosure issues.
- Dividend and foreign tax credit should be reconciled with statements.
- ITR-2 is not for business or F&O business income cases.
Who this is for
- Tech employee with RSUs.
- Investor with equity or MF capital gains.
- Resident with foreign broker account.
- Salaried taxpayer with multiple disclosures.
Documents and data to verify
- Broker capital gains statement.
- RSU vest/exercise/sale statement.
- Foreign account and dividend records.
- Form 67/foreign tax credit documents where relevant.
Common mistakes to avoid
- Missing Schedule FA even when foreign assets exist.
- Using wrong acquisition date for RSUs.
- Ignoring foreign dividend.
- Using ITR-1 despite capital gains.
How to proceed
- Confirm the applicable financial year, assessment year, taxpayer type, state and portal status before acting.
- Reconcile portal data with books, AIS/Form 26AS, GST returns, contracts, invoices, bank statements and source documents.
- Prepare a written computation, checklist, filing note or response with assumptions clearly stated.
- Download acknowledgements, challans, workings and evidence after filing or submission.
FAQs
Can WorkIndex help with this?
Yes. Post the facts and documents; relevant experts can quote for filing, advisory, reconciliation, registration, appeal support or ongoing compliance.
Is this page final legal advice?
No. Use it to prepare. A professional should verify the active law year, notification, portal utility and records before filing or taking a tax position.
What should I mention while posting?
Mention the year, state, form, deadline, amount involved, documents available, portal status and whether you need filing, correction, advisory or representation.