Payment of tax in instalments: Commissioner may permit deferred monthly payments subject to interest and prescribed conditions; default accelerates recovery. The Commissioner may, for reasons recorded in writing, permit payment of amounts due under the Act in monthly instalments not exceeding twenty four, excluding self-assessed return liabilities, subject to interest under section 50 and prescribed conditions; default of any instalment makes the entire 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 of tax in instalments: Commissioner may permit deferred monthly payments subject to interest and prescribed conditions; default accelerates recovery.
The Commissioner may, for reasons recorded in writing, permit payment of amounts due under the Act in monthly instalments not exceeding twenty four, excluding self-assessed return liabilities, subject to interest under section 50 and prescribed conditions; default of any instalment makes the entire outstanding balance immediately due and liable for recovery without further notice.
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