Self-assessment tax requirement: assessee must pay tax and interest before filing return, payments adjusted first to interest. The assessee must pay before furnishing the return the aggregate of tax payable on the return (reduced by tax paid and tax credit) and any interest ... Summary
Self-assessment tax requirement: assessee must pay tax and interest before filing return, payments adjusted first to interest.
The assessee must pay before furnishing the return the aggregate of tax payable on the return (reduced by tax paid and tax credit) and any interest payable for the financial year; payments of self-assessment tax are to be adjusted first toward interest payable and then toward tax where payments fall short.
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