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<h1>Section 49(8) Mandates Tax Payment Order: Prioritize Previous Liabilities Before Current Dues, Followed by Confirmed Demands.</h1> Section 49(8) outlines the order of tax payment for taxpayers with liabilities from previous months. The prescribed sequence requires payment of self-assessed tax and other dues from the previous period first, followed by self-assessed tax and other dues for the current period. Any remaining amounts, including confirmed demands under sections 73 or 74, should be paid thereafter. This order is mandatory and must be adhered to by taxpayers.