Fundamental difference between Buddhist Mahāyāna school of Madhyamaka and Brāhmaṇic school of Advaita Vedānta in interpretation of ontology of time is analyzed on the basis of Nāgārjuna’s (2–3rd cc.) treatise Mūla-madhyamaka-kārikā, Candrakīrti’s (7th c.) commentary Prasannapadā, Vasubandhu’s (4th c.) treatise Abhidharmakośa, Asaṅga’s (4th c.) Abhidharma-samuccaya, Śaṃkara’s (9th c.) commentary...