Installment payment of tax dues allowed with interest; default accelerates entire balance and triggers recovery. Commissioner or Chief Commissioner may extend time or allow payment of tax dues (excluding self-assessed return liabilities) in monthly installments ... Summary
Installment payment of tax dues allowed with interest; default accelerates entire balance and triggers recovery.
Commissioner or Chief Commissioner may extend time or allow payment of tax dues (excluding self-assessed return liabilities) in monthly installments subject to prescribed conditions and payment of interest; default on any installment makes the entire outstanding balance immediately payable and recoverable without further notice.
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