Quoted/unquoted shares in capital gains section of ITR2

This discussion clarifies the classification of debt mutual funds and foreign stocks listed on Nasdaq for capital gains tax purposes within the ITR2 form. The consensus is that both debt mutual funds and foreign stocks, even if listed on exchanges like Nasdaq, are considered unquoted or unlisted assets for the purpose of this specific section of the ITR2. Gains from the sale of foreign equity shares by resident Indians should be reported under the Schedule CG.