Payment in instalments for tax obligations allowed subject to conditions, interest and acceleration on missed instalment. The Commissioner may, for reasons recorded in writing, extend time or allow payment of amounts due under the Act by monthly instalments not exceeding twenty-four, subject to payment of interest and prescribed conditions; amounts self-assessed in returns are excluded and default of one instalment accelerates the entire outstanding balance, making it immediately due and recoverable without further notice.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Payment in instalments for tax obligations allowed subject to conditions, interest and acceleration on missed instalment.
The Commissioner may, for reasons recorded in writing, extend time or allow payment of amounts due under the Act by monthly instalments not exceeding twenty-four, subject to payment of interest and prescribed conditions; amounts self-assessed in returns are excluded and default of one instalment accelerates the entire outstanding balance, making it immediately due and recoverable without further notice.
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