Payment of tax in instalments may be allowed with interest, but default accelerates full recovery. The Commissioner may, for reasons recorded in writing, allow payment of any amount due under the Act (excluding self assessed return liabilities) by ... Summary
Payment of tax in instalments may be allowed with interest, but default accelerates full recovery.
The Commissioner may, for reasons recorded in writing, allow payment of any amount due under the Act (excluding self assessed return liabilities) by monthly instalments up to twenty four, subject to prescribed conditions and payment of interest under section 50; default of any instalment makes the entire outstanding balance immediately due and liable for recovery without further notice.
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