ITR for Capital Gains in Pune - Expert CA-Assisted Filing

Pune has witnessed extraordinary real estate appreciation over the past decade - property values in Baner, Wakad, Balewadi, and Hinjewadi have multiplied 2-4 times, creating significant LTCG exposure for sellers. Simultaneously, IT professionals in Hinjewadi IT Park, Kharadi, and Rajiv Gandhi Infotech Park hold ESOPs and RSUs from companies like Infosys, TCS, Wipro, and multinational employers. The Income Tax Office, Pune under CIT Pune-1, CIT Pune-2, and CIT Pune-3 handles assessments, while the CPC Bengaluru processes filed ITRs. Learn more about ITR for Capital Gains across India.

With the ITR filing deadline of 31st July 2026 for FY 2025-26, Pune taxpayers must plan capital gains computation, exemption claims, and advance tax payments well in advance. After capital gains ITR filing, individuals also benefit from Tax Planning and Accounting Services.

Content is reviewed quarterly for accuracy.

Property Sellers (Baner, Wakad, Hinjewadi, Kharadi) - Anyone selling residential or commercial property in Pune generating capital gains must file ITR-2 with Schedule CG. Property held for more than 24 months qualifies as long-term. The seller can choose between 12.5% without indexation or 20% with indexation for pre-23 July 2024 purchases. See Income Tax Returns for comprehensive ITR filing.

IT Professionals with ESOPs/RSUs (Hinjewadi, Kharadi, Magarpatta) - Thousands of Pune IT employees hold ESOPs from Infosys, TCS, Wipro, and multinational employers. The perquisite value at exercise is taxed as salary, while the gain on subsequent sale is capital gains. Correct bifurcation is essential.

Equity and Mutual Fund Investors - Pune's large salaried class actively invests in equity shares and mutual funds. LTCG on equity exceeding Rs 1.25 lakh is taxed at 12.5% under Section 112A. Debt mutual funds purchased after April 2023 have no LTCG benefit - all gains are taxed at slab rates.

NRIs Selling Pune Property - Non-Resident Indians selling property in Koregaon Park, Pune Cantonment, Deccan, and other prime localities face LTCG at 12.5%. The buyer must deduct TDS under Section 195 (20-30%). NRIs must file ITR-2 in India to claim exemptions and refund of excess TDS. See NRI Taxation services.

Individuals Inheriting and Selling Property - Pune residents who inherited property compute capital gains based on the original owner's cost of acquisition and date of acquisition. This is particularly relevant for properties in old Pune areas (Deccan, Shivajinagar, Camp) held across generations.

Sale Deed / Agreement to Sell: For property transactions in Pune; includes stamp duty value, sale consideration, and buyer details.

Purchase Deed / Allotment Letter: Original cost of acquisition; builder agreement for under-construction property.

Contract Notes / Trade Statements: From broker for listed equity share transactions; ISIN-wise for Schedule 112A.

Mutual Fund Redemption Statements: From AMC or CAMS/KFintech with purchase NAV, sale NAV, and holding period.

ESOP Exercise Letters: From employer showing grant date, exercise date, exercise price, FMV at exercise, and number of shares.

Form 26AS / AIS: For verifying property TDS credit (194-IA), share transaction data, and mutual fund redemption reporting.

Section 54EC Bond Subscription Proof: NHAI/REC bond allotment letter if claiming exemption.

All fees and charges listed are indicative only and do not constitute a binding offer. Final amounts may vary depending on the volume of work and the complexity involved.

Professional service charges for drafting, filing, and representation are separate from the statutory fees. The exact fee depends on the complexity of the case, disputed amount, and number of hearings required. Contact us for a detailed quote.

Get a free ITR for Capital Gains in Pune consultation - Call +91 945 945 6700 or WhatsApp us. No-obligation assessment.

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Trusted by Hyundai, Asian Paints, Bridgestone, and 10,000+ businesses and individuals across India. With offices in Pune, Mumbai, Delhi, and Gurugram, Patron handles complex multi-asset capital gains ITRs combining property, equity, mutual funds, and ESOPs.

Pune taxpayers with capital gains often need complementary services:

• Accounting Services - Year-round bookkeeping including capital gains tracking

Sections 45-55, Income Tax Act 1961: Capital gains computation, cost of acquisition, holding period, indexed cost.

Section 111A: STCG on listed equity shares (STT paid) - 20% flat rate.

Section 112A: LTCG on listed equity/equity MFs (STT paid) - 12.5% on gains exceeding Rs 1.25 lakh.

Section 112: LTCG on other assets - 12.5% without indexation (from 23 July 2024). Property pre-23 July 2024: choice of 12.5% or 20% with indexation.

Section 50C: Stamp duty value deemed as sale consideration if actual is lower (10% tolerance).

Section 54: Exemption by reinvesting LTCG from residential property into 1-2 new properties (purchase 1yr before/2yr after; construct 3yr).

Section 54EC: Exemption by investing LTCG (max Rs 50 lakh) in NHAI/REC bonds within 6 months. 5-year lock-in.

Section 54F: Exemption by reinvesting net sale consideration from non-residential asset into residential property.

Section 234B/234C: Interest for non-payment/deferment of advance tax on capital gains.

Section 234F: Late filing penalty - Rs 1,000 (income <= Rs 5 lakh) or Rs 5,000 (income > Rs 5 lakh).

Portal: Income Tax - incometax.gov.in

IT Authority Pune: CIT Pune-1, CIT Pune-2, CIT Pune-3. Aaykar Bhawan, Pune.

The ITR filing deadline for FY 2025-26 is 31 July 2026 - capital loss carry-forward is lost if filed late. Advance tax on capital gains must be paid in quarterly instalments to avoid Section 234B/234C interest. Section 54EC bond investment must be made within 6 months of property sale. Capital Gains Account Scheme deposits must be made before the ITR due date.

The Income Tax Office, Pune under CIT Pune-1/2/3 is actively scrutinizing high-value property transactions (especially in Baner, Wakad, Hinjewadi, and Kharadi) and ESOP gains by IT professionals. Section 50C stamp duty verification is automated through Sub-Registrar data linking.

Filing an ITR for capital gains in Pune requires navigating a complex matrix of asset types, holding periods, tax rates, and exemption provisions - from property LTCG in Baner and Wakad with the indexation vs non-indexation choice, to equity and mutual fund gains reported ISIN-wise in Schedule 112A, to ESOP/RSU taxation for IT professionals in Hinjewadi and Kharadi.

Patron Accounting, with its Pune office at RTC Silver, Wagholi, provides end-to-end capital gains ITR services - multi-asset computation, Schedule CG and 112A preparation, Section 54/54EC/54F exemption planning, advance tax advisory, NRI ITR filing, and assessment representation before CIT Pune.

With 15+ years of experience, 10,000+ businesses served, and a 4.9 Google rating, Patron Accounting LLP is a trusted CA and CS firm for capital gains ITR filing across Pune, Mumbai, Delhi, and Gurugram.