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Hello,
This appear fully incorrect. Say i’m an FNO dealer and beneath is how my PNL is quarter on quarter.
Why do i have to pay curiosity when on the time of advance tax due date, based mostly on my estimated revenue there was no tax legal responsibility. Appears fully illogical that we think about based mostly on tax legal responsibility at finish of the 12 months. It will possibly occur that i don’t make something in first 3 quarters like proven on this instance. And in addition how is one imagined to pay 100% on fifteenth March when nonetheless 2 weeks are pending. Am i understanding this incorrectly as a result of my CA mentioned that is how calculation for curiosity shortfall on advance tax is finished.
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