I was in impression that we will be able to pay advanced tax before march because we thought we can file presumptive tax filing. But now it looks like we can not opt for presumptive taxation scheme. So it means we did not pay advanced quarterly tax that we were suppose to pay.
So do they charge penalty in every case or there are some exceptions or tricks to avoid interest penalty?
I believe every time one needs audit …he was suppose to file advanced tax correct?