Payment of tax in instalments: Commissioner may permit deferred monthly payments subject to interest and prescribed conditions; default accelerates recovery. The Commissioner may, for reasons recorded in writing, permit payment of amounts due under the Act in monthly instalments not exceeding twenty four, ... Summary
Payment of tax in instalments: Commissioner may permit deferred monthly payments subject to interest and prescribed conditions; default accelerates recovery.
The Commissioner may, for reasons recorded in writing, permit payment of amounts due under the Act in monthly instalments not exceeding twenty four, excluding self-assessed return liabilities, subject to interest under section 50 and prescribed conditions; default of any instalment makes the entire outstanding balance immediately due and liable for recovery without further notice.
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