Payment in instalments: authority may allow monthly spread of tax liabilities subject to interest and immediate acceleration on default. On application, the Commissioner may, for reasons recorded in writing, extend time or allow payment of amounts due (excluding self-assessed return liabilities) by monthly instalments up to twenty four, subject to interest under section 50 and prescribed conditions; failure to pay any instalment makes the whole outstanding balance immediately due 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.
Payment in instalments: authority may allow monthly spread of tax liabilities subject to interest and immediate acceleration on default.
On application, the Commissioner may, for reasons recorded in writing, extend time or allow payment of amounts due (excluding self-assessed return liabilities) by monthly instalments up to twenty four, subject to interest under section 50 and prescribed conditions; failure to pay any instalment makes the whole outstanding balance immediately due and liable for recovery without further notice.
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