Low-cost Form ITR-2 — NRIs with capital gains in India

Form ITR-2 — who files it, when it is due, what late filing costs, and what we charge to prepare it. India (Income Tax Department). Low-cost ITR-2 with a fixed fee agreed in writing before any work starts. Call the 24-hour helpline on +1 (416) 619-0068, or request a written quote today.

  • 15+Years of cross-border experience
  • 18,000+Clients served
  • 5.0Google rating
  • 4Global offices — India, USA, Canada & UAE

Secure a fixed quote

Whatever documents you hold are enough to begin: we read them and put a fixed price in writing first.

24-hour helpline: +1 (416) 619-0068
  • Offices in India, the USA, Canada and the UAE
  • 15+ years of cross-border experience
  • Google rating 5.0 out of 5
In 60 words

Form ITR-2 is an annual return: The Indian return used by most NRIs — capital gains, more than one property, foreign assets and residency schedules all live here. Non-resident individuals with Indian capital gains, rental income or multiple sources, and residents with foreign assets to disclose.

Do you need this?

Non-resident individuals with Indian capital gains, rental income or multiple sources, and residents with foreign assets to disclose.

Start with the mechanism, not the form. This is the NRI's default form. Its residency schedule, capital-gains schedules and treaty-relief schedules are the reason it exists, and the sequence in which they are completed determines whether the treaty relief actually lands.

The team reviewing a file together at a desk

What ITR-2 India costs here

The fee on an ITR-2 for a non-resident is set by how many disposals the capital gains schedules have to carry and whether treaty relief is claimed on them. One property sale with a clean cost history is contained work; several sales, inherited holdings with cost to be reconstructed, and a residency schedule to settle are not.

NRI Indian return (ITR-2) — fixed-fee price

From $349

fixed, quoted before work starts

The Indian return on India's own year, reconciled against the department's information statement, with treaty relief and the deduction-at-source credits properly claimed.
See the full fee page

T1135 foreign property filing — fixed-fee price

From $349

fixed, quoted before work starts

The Canadian foreign property statement built on cost amount, in Canadian dollars, across everything the test reaches — including holdings people assume are excluded.
See the full fee page

Individual tax filing

From $349

fixed, quoted before work starts

One engagement for a personal return that touches more than one country: the income, the assets held abroad and the relief claimed against them.
See the fee schedule

Foreign asset & information reporting

From $349

fixed, quoted before work starts

Disclosure of assets and interests held abroad, built once from a single asset list and filed on every side that asks for it.
See the fee schedule

Non-resident & departure filings

From $349

fixed, quoted before work starts

Arrival and departure years priced as one engagement, with the part-year residence position and the assets deemed disposed of on exit.
See the fee schedule

Catch-up & voluntary disclosure

From $349

fixed, quoted before work starts

For a filing history that stopped — the penalty position assessed first, then the years filed in the order that protects it.
See the fee schedule

Estate & trust filing

From $799

fixed, quoted before work starts

Cross-border estates and trusts, from the reporting on the assets to the returns the beneficiaries then have to file.
See the fee schedule

Corporate cross-border filing

From $999

fixed, quoted before work starts

Company filings where income, ownership or operations cross a border, with the related-party disclosures that come with them.
See the fee schedule

All published fees on one page — the whole fee schedule in one place, with no from-to bands to decode.

What the reporting test actually looks at

What decides whether Form ITR-2 applies
What the return reportsWhere the data comes from
The obligationThe Indian return used by most NRIs — capital gains, more than one property, foreign assets and residency schedules all live here.
Who it bindsNon-resident individuals with Indian capital gains, rental income or multiple sources, and residents with foreign assets to disclose.
Jurisdiction and authorityIndia — Income Tax Department
Category of filingEntity return

When it is due

The return is due on the entity's own filing timetable, measured from its year end rather than the calendar. Extensions may be available for the return and rarely cover the payment, and in a cross-border group the binding constraint is usually the date the foreign accounts close. Where an extension is available we tell you what it does and does not cover, because the two are frequently confused.

What late or missed filing costs

Late filing penalties are computed by reference to the tax owing and the length of the delay, and separate penalties attach to the information returns filed alongside. In a group the second category is normally the larger one. Where years are already missed, the route chosen for the earliest year affects the relief available for the rest — so the sequence is decided before anything is filed.

What this looks like with numbers

Numbers make this concrete, so here is the same rule applied to a set of figures.

Credit relief on one stream of income

Take C$164,000 of income taxed in both countries. Assume the other country charged 22% on it and the home country would charge 31% on the same amount.

Credit relief on one stream of income
ItemAmount
Income taxed in both countriesC$164,000
Tax paid abroad (assumed 22%)C$36,080
Home tax on the same income (assumed 31%)C$50,840
Credit available (lesser of the two)C$36,080
Home tax still payableC$14,760

The credit absorbs C$36,080 and leaves C$14,760 payable at home, because the home rate on this income is the higher of the two. The balance is real cash and it is due on the home timetable, which is why instalments get raised in the first meeting. We run this on your actual numbers before advising anything, because the conclusion can invert with a modest change in inputs.

The figures here are an illustration, not an engagement: amounts are picked so the mechanism is easy to follow, and every rate or threshold is an assumption of the example. Before anything is filed for you, each one is confirmed with the issuing authority for your own tax year.

How we prepare and file it, and what it costs

The fee for Form ITR-2 is fixed against a written scope and agreed before we start. It is not billed by the hour and it does not move after the fact. See the SEZ, gift city and tax holidays for comparable engagements.

From first call to filed

  1. 1A call to the 24-hour helpline to find out whether this is a filing or a project
  2. 2A fixed fee for a written scope — re-quoted if the scope changes, never invoiced silently
  3. 3Preparation against the evidence, with the positions documented as we go
  4. 4Your approval, then the filing — in that order
  • Fixed fees agreed before any work starts, so the number in the quote is the number on the invoice.
  • A change of scope is re-quoted before the work, never added to the invoice after it.
  • Nothing is filed until you have read it.

Bring last year's returns and we will tell you what is missing.

Read and approved for the 2025 and 2026 filing seasons by Udit Gupta, Cross-Border Tax Expert, Legal Quotient Consultants. General information, not advice for your circumstances — call our 24-hour helpline to discuss your own position.

ITR group, in practice

The search that brings most people to this page is ITR group. It is answered here for ITR-2: what creates the obligation, which filings discharge it, and the fee agreed before the work starts.

This is the NRI's default form.

How the engagement runs, phase by phase

  1. Start with a conversation about the facts

    Dates, residence, where the income arose. Fifteen minutes is usually enough to know what applies.

  2. Scope and price, both written down

    You get the scope and the fixed fee together, so there is no question later about what was included.

  3. Prepared by one team, reviewed by a named practitioner

    The same people see both sides of the file, and the reviewer signs their name to it.

  4. Filed, then followed through

    Submission is not the end of the engagement — the queries that arrive afterwards are part of it.

What you are actually buying with ITR-2 India

Factor Legal Quotient Hourly billing model
Pricing A fixed fee, agreed in writing before work starts Hourly, billed as incurred
Experience 15+ years of cross-border work, 18,000+ clients Varies by file
Both sides of the border Prepared together by one team, so relief is claimed exactly once One country at a time, reconciled later
Who reviews it A named practitioner, published on the page Whoever the queue reaches
Where the work happens Our offices in India, the USA, Canada and the UAE Whichever single office you can travel to

Four terms worth pinning down

Non-resident
A person outside a country's residence rules, taxable there only on income arising in that country — usually collected by withholding rather than by assessment.
Hybrid surplus
A surplus pool arising principally from certain capital gains of a foreign affiliate, with its own rules on distribution.
Gift splitting
The election treating a gift by one spouse as made half by each, which changes the exemption and reporting position.
Split-year treatment
The mechanism by which a year of arrival or departure is divided into resident and non-resident periods for reporting, even though the year itself remains one tax year.
ITR-2 India: Our analysis

This is the NRI's default form.

However the file develops, three things stay fixed: a written scope and fee before work begins, a named practitioner reviewing the result, and your approval before anything is filed.

Fixed fees around ITR-2 India

The second band of fees below reflects what usually arrives beside an ITR-2: Indian rental income running alongside the gains, tax deducted at source to be recovered through a refund, and earlier years that were never filed. The number of years to be brought current is generally what moves the price.

NRI Indian return (ITR-2)

$349fixed, before work starts

Covers: The Indian return on India's own year, reconciled against the department's information statement, with treaty relief and the deduction-at-source credits properly claimed.

What makes it bigger: Property and capital gains together. Rent with deduction at source is routine; a property sale in the same year brings computation, indexation and often a certificate application.

See this fee page

India–Canada dual filing (ITR + T1) — India desk price

$349fixed, before work starts

Covers: Both returns as one engagement across two mismatched fiscal years, with the Indian deduction at source reconciled and the Canadian credit claimed where it is usable.

What makes it bigger: The fiscal-year mismatch multiplied by income streams. Each stream has to be mapped from India's year onto Canada's before the credit can be computed.

See this fee page

What working with us on ITR-2 India looks like

You deal with the person who did the work

The practitioner who prepared and reviewed your file is the one who answers the question about it.

The fee is fixed before we start

Quoted from your documents and agreed in writing. The number you accept is the number you pay.

Cross-border is the whole practice

International and cross-border tax is all we do — not a sideline next to domestic work. The edge cases on this page are our ordinary Tuesday.

The reporting penalties get named early

The heaviest exposure on a cross-border file is usually a disclosure form, not the tax. We identify which ones apply before a deadline turns into a penalty.

Two of the firm’s advisers at a desk in the Delhi office

From first call to filed return

Step 1

First conversation

A call to the 24-hour helpline to find out whether this is a filing or a project

Step 2

Written quote

A fixed fee for a written scope — re-quoted if the scope changes, never invoiced silently

Step 3

Preparation and sign-off

Preparation against the evidence, with the positions documented as we go

Step 4

Submission

Your approval, then the filing — in that order

The firm’s founder at his desk in the Delhi office

From first document to filed return

  • Step 1: Send what you already have – Slips, statements, prior returns — in any order. We list what is still needed after reading them.
  • Step 2: A fee agreed in writing – Quoted from those documents, before the work starts, and it does not move once you accept it.
  • Step 3: Each side drafted against the other – The returns are built together rather than in sequence, so relief is claimed once and in the right country.
  • Step 4: You approve before it is filed – The finished return comes to you first. Nothing is submitted on your behalf unseen.

Quoted up front, in writing.

Contact Us 24-hour helpline +1 (416) 619-0068

More of the same work, from other angles

Browse sideways: the pages below answer the neighbouring questions.

Core services for this situation

DTAA relief — India and Canada The full guide to DTAA relief — India and Canada, with the fee fixed before any work starts.
Indian GST registration for foreign suppliers Its own page: Indian GST registration for foreign suppliers — mechanism, deadlines and published fees.
Form NR74 — determination of residency on entering Everything on NR74 determination of residency entering, at the same depth as this page.
Profit split method Profit split method — the guide, the FAQ and the fixed fee.
GAAR — general anti-avoidance rules The full guide to gaar — general anti-avoidance rules, with the fee fixed before any work starts.
India ↔ Singapore — DTAA Its own page: India ↔ Singapore — DTAA — mechanism, deadlines and published fees.
Indian resident with foreign assets (Schedule FA) Everything on Indian resident with foreign assets schedule fa, at the same depth as this page.
Personal services business risk Personal services business risk — the guide, the FAQ and the fixed fee.
Form 3CD — tax audit report (India) The full guide to form 3cd India, with the fee fixed before any work starts.

Who we help

Tax for cross-border truck drivers The full guide to cross-border truck drivers tax, with the fee fixed before any work starts.
Tax for international school staff Its own page: international school staff tax — mechanism, deadlines and published fees.
Tax for touring musicians Everything on touring musicians tax, at the same depth as this page.
Tax for aid & ngo workers Aid & ngo workers tax — the guide, the FAQ and the fixed fee.
Tax for twitch & live streamers The full guide to twitch & live streamers tax, with the fee fixed before any work starts.
Day traders — relief you're probably missing Its own page: day traders relief you're probably missing — mechanism, deadlines and published fees.
Tax for teachers abroad Everything on teachers abroad tax, at the same depth as this page.
Tax for forex traders Forex traders tax — the guide, the FAQ and the fixed fee.
Construction & contracting cross-border tax The full guide to construction & contracting cross border tax, with the fee fixed before any work starts.

Where our clients live and work

Kuwait tax for expats — country guide The full guide to Kuwait tax for expats, with the fee fixed before any work starts.
US–Germany tax corridor Its own page: US Germany tax — mechanism, deadlines and published fees.
Ecuador tax for expats — country guide Everything on ecuador tax for expats, at the same depth as this page.
Estonia tax for expats — country guide Estonia tax for expats — the guide, the FAQ and the fixed fee.
Indonesia tax for expats — country guide The full guide to Indonesia tax for expats, with the fee fixed before any work starts.
Morocco tax for expats — country guide Its own page: morocco tax for expats — mechanism, deadlines and published fees.
Australia tax for expats — country guide Everything on Australia tax for expats, at the same depth as this page.
Canada–UAE tax corridor Canada UAE tax — the guide, the FAQ and the fixed fee.
Slovakia tax for expats — country guide The full guide to slovakia tax for expats, with the fee fixed before any work starts.

The people on your file

Five named practitioners, each with the part of a cross-border file they carry. Every page on this site says who reviewed it, and the reviewer is one of these people rather than an unnamed team.

Udit Gupta

Udit Gupta

Cross-Border Tax Expert

CA (ICAI), In-Depth Tax Trained

Reviews and signs off the practice's cross-border positions, and carries final responsibility for the treaty analysis on every file that leaves the office.

Abhinav Gupta

Abhinav Gupta

Canada Tax / International Tax

Canada Tax, International Tax, Cross-Border Tax, Transfer Pricing

Canadian returns with foreign income, non-resident filings, and the transfer-pricing documentation that runs alongside intercompany work.

Raghav Gupta

Raghav Gupta

International Tax

International Tax, Transfer Pricing Specialist

Benchmarking, method selection and the local-file and master-file sets that support a group's pricing policy under examination.

Anmol Mittal

Anmol Mittal

Canada and US tax

CPA Canada, CPA USA, CA (ICAI)

Files that have to be right on both sides of the border at once — dual filings, streamlined catch-ups, and the foreign tax credit reconciliation between them.

Vinayak Indolia

Vinayak Indolia

CFO advisory

CPA, CA. Fractional CFO and Senior Advisory Specialist

Groups that need the tax position and the finance function to agree: structure reviews, intercompany policy, and the reporting a board can act on.

Meet the whole team

Cross-border tax case studies

Case study 1

Tax Deducted When Buying From an NRI

Withholding on a sale by a non-resident is applied to the sale value rather than to the gain, so it routinely exceeds the tax due. A lower-deduction certificate obtained before completion avoids locking the difference up.

Read how this one runs
Case study 2

A Certificate Obtained Before the Money Moved

An application for a reduced or nil deduction is made in advance and decided on the computed liability, not on the gross amount. Applying after the payment leaves a refund claim in place of a certificate.

Read how this one runs
Case study 3

An Indian Company Paying a Foreign Supplier

Payments abroad carry deduction at source and a certification filed before the money moves. Whether the treaty reduces the rate depends on what is being bought, and the classification is the decision the whole filing rests on.

Read how this one runs
Case study 4

A Second Opinion on a Return Already Filed

A cross-border return prepared on one side only is usually right in isolation and wrong in combination. The review checks residence, source and relief in that order, and says plainly whether an amendment is worth making.

Read how this one runs
Case study 5

A Company Abroad Owned by a US Person

A business incorporated where the owner lives is a foreign corporation to the IRS, with a reporting package of its own and schedules that need local accounts restated. Classification comes first, because it decides what is reportable and when profits are taxed.

Read how this one runs
Case study 6

A US Filer Married to Someone Outside the System

Electing to treat a non-resident spouse as a US filer buys joint rates and brings that spouse's worldwide income and foreign accounts into the return. The election is easy to make and hard to revoke, so both positions are modelled first.

Read how this one runs
Case study 7

Accounts Reported Late When the Income Already Was

Where the income was on the return and only the account report was missed, a narrow route allows late filing with a reason attached. It is open only while no income is unreported and no examination has begun, which is why it is checked first.

Read how this one runs
Case study 8

Two Passports, Two Returns, One Income

Dual citizenship does not let you choose which country taxes you. The work is establishing residence, applying the treaty article that governs each income type, and preparing both returns from one set of figures so they agree line for line.

Read how this one runs

All case studies — every published engagement in one place.

Core International & Cross-Border Tax Services

International Tax Planning & Advisory

Strategy and compliance for income, assets and families spread across borders.

One coordinating team: filings on every side of the border are sequenced so treaty relief and foreign tax credits are claimed once — and in the right country.

U.S. & Cross-Border Tax Returns

Dual filers: U.S. citizens in Canada and Canadians with U.S. income run two parallel systems — we prepare both, in the right order, every year.

Expat & Emigration Tax

The move year is its own project: the elections and valuations filed that year decide the next decade of both countries’ returns.

Non-Resident Canadian Tax

Default withholding is 25% of gross: elective returns routinely turn over-withheld rent and pensions into refunds.

Transfer Pricing & BEPS

Documentation prepared with the return is the cheapest insurance in international tax; reconstructing it during an audit is the most expensive.

Cross-Border Estates & Trusts

Wills drafted for one country routinely misfire in the other — deemed disposition here, estate tax there, credits in between.

Cross-Border Corporate Tax

Expansion raises the same four questions every time — entity, PE, repatriation, payroll. We answer them before the tax authorities do.

India Tax for NRIs & Returning Residents

The deduction is taken on the sale price, not the gain — which is why an NRI property sale strands cash unless the certificate is applied for before closing.

Canadian Tax with a Foreign Element

Residency is decided on facts, not on a form — and the year you arrive or leave is the one where the largest amounts turn on the smallest details.

UAE Tax for Expats & Their Home Country

A zero-tax country is only half the answer — the question that decides the bill is whether the country you came from still treats you as resident.

Industries & Client Types We Serve Worldwide

Global E-commerce & Marketplaces
Technology & SaaS
Professional Services Firms
Cross-Border Real Estate
Importers, Exporters & Manufacturers
Athletes, Artists & Entertainers
Remote Workers & Digital Nomads
Investment Funds & Holding Companies

Global E-commerce & Marketplaces

  • Foreign VAT / GST / sales tax registrations
  • Marketplace withholding reviews
  • Inventory nexus & PE analysis
  • Multi-currency books reconciled
Explore E-commerce & Marketplaces

Technology & SaaS

Software revenue crosses borders by default — sourcing rules, withholding on licence-like payments and IP location decide the effective rate.

Software revenue is rarely taxed where the team sits. Licence, subscription and service income are characterised differently by each side, and the answer decides withholding at source, treaty relief and whether a foreign customer creates a taxable presence at all — questions that are cheap to settle before the contract and expensive afterwards.

  • Cross-border revenue sourcing & withholding
  • IP structuring with real substance
  • Equity for cross-border teams
  • U.S. expansion: entity & PE setup
Explore Technology & SaaS

Importers, Exporters & Manufacturers

  • Transfer pricing documentation (s.247)
  • Customs value vs transfer price
  • Foreign affiliate reporting (T1134)
  • Country-by-country reporting
Explore Trade & Manufacturing

Athletes, Artists & Entertainers

  • Reg 105 & U.S. CWA agreements
  • Multi-state & country calendars
  • Touring income allocation
  • Royalty & image-rights withholding
Explore Athletes & Entertainers

Remote Workers & Digital Nomads

  • Residency analysis before moving
  • Employer payroll exposure
  • Totalization & social security
  • Foreign tax credits
Explore Remote Workers

Investment Funds & Holding Companies

  • Treaty access & PPT reviews
  • FAPI & surplus computations
  • Withholding-efficient routing
  • Governance & substance
Explore Funds & Holdcos

Form ITR-2 — questions we are asked

Do I file Form ITR-2 even if no tax is owed?

Annual return obligations of this kind are generally required on the facts rather than on the tax result, so a nil position does not remove one. Non-resident individuals with Indian capital gains, rental income or multiple sources, and residents with foreign assets to disclose.

What happens if I have missed Form ITR-2 for several years?

Missed years are dealt with as a package rather than one at a time, because the route chosen for the first year affects the relief available for the rest. We map the years and the obligations before anything is filed.

Is Form ITR-2 the same as the other reports I already file?

No. The Indian return used by most NRIs — capital gains, more than one property, foreign assets and residency schedules all live here. Satisfying a different obligation, even one covering the same accounts or entity, does nothing for this one.

Is money received in India from abroad taxable?

Receiving your own money is not income, and a gift from a specified relative is exempt however large. Two things do bite. A gift from someone outside that relative list is taxable to the recipient once the year's receipts pass the threshold in the gift provisions. And money that is really payment for something — fees, rent, interest, a share of profit — is taxed as that income whatever the bank narration says. The paperwork should match the substance. See gifting money to family in India.

Who is an NRI for tax purposes?

Residence in India is decided by days present in the tax year, with a second limb that also counts days over the preceding four years, and separate rules for Indian citizens leaving for employment. Fall outside the tests and you are non-resident, taxed in India only on Indian-source income. Between full residence and non-residence sits RNOR — resident but not ordinarily resident — which shelters foreign income for a limited window after returning. See RNOR status.

Is dividend income from Indian shares taxable for an NRI?

Yes. Dividends are taxed in the shareholder's hands, and the paying company withholds on payment to a non-resident. The treaty can reduce that withholding, but only if the documents are with the company before it pays: a tax residency certificate from your country, Form 10F, and a PAN on the register. Without them the domestic rate applies and your route back to the difference is a refund claim on an Indian return. See residency certificates and Form 10F.

Fixed fee agreed before we start

A fixed fee for Form ITR-2

One call to the 24-hour helpline is enough to tell you what has to be filed, what it costs, and whether you need us at all.

  • A named reviewer signs off every filing
  • Offices in India, the USA, Canada and the UAE
  • Re-quoted, never silently invoiced

Our practitioners are alumni of leading accounting and tax institutions

Where our partners studied — CPA Canada (In-Depth Tax Program), AICPA, the Institute of Chartered Accountants of India and the Malaysian Institute of Accountants.

Request a Quote +1 (416) 619-0068