Find
If tax after TDS exceeds ₹10,000 for the year, advance tax is due. Short payment leads to interest under Sec 234B and 234C.
ITR
Advance tax for NRIs with large gains
Updated . Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.
Provisions
Sec 234B, Income-tax Act 1961 (now Sec 424, Income-tax Act 2025); Sec 234C, Income-tax Act 1961 (now Sec 425, Income-tax Act 2025); Sec 211, Income-tax Act 1961 (now Sec 408, Income-tax Act 2025)
Analysis
If you used a lower TDS certificate and the actual gain is higher, extra tax may be due. Pay as advance tax or self-assessment tax. Interest for capital gains can be eased for instalments after the gain date. Compute in the utility.
Close
- Compute total tax on the gain.
- Subtract TDS.
- Pay the balance.
- Let the utility compute interest.
Connect now
A Savvy replies in minutes.
Fixed price before you pay. Your Savvy is paid only after you accept the work.
General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.
People also ask
- Who Must Pay Advance Tax
- Intimation demand only for 234B and 234C interest
- Interest under 234B and 234C after a job switch
- Exemption limit not usable against special rate gains for NRIs
- RNOR Window: The Returning NRI's Most Valuable Tax Period
- Advance tax for freelancers: quarterly self-assessment and payment