Instalment payment of tax: Commissioner may permit deferred monthly payments subject to interest and conditions; default accelerates recovery. The Commissioner may, for reasons recorded in writing, allow a taxable person to extend payment or pay any amount due under the Act in monthly instalments, subject to payment of interest under section 50 and prescribed conditions; this excludes amounts self assessed in any return. Default in payment of any one instalment makes the whole outstanding balance immediately due and payable and liable for recovery 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.
Instalment payment of tax: Commissioner may permit deferred monthly payments subject to interest and conditions; default accelerates recovery.
The Commissioner may, for reasons recorded in writing, allow a taxable person to extend payment or pay any amount due under the Act in monthly instalments, subject to payment of interest under section 50 and prescribed conditions; this excludes amounts self assessed in any return. Default in payment of any one instalment makes the whole outstanding balance immediately due and payable and liable for recovery without further notice.
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