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of <h1>Taxpayers must pay tax, interest and fees before filing returns and attach proof; payments reduce liability; shortfalls cause default</h1> Where a return is filed that shows additional tax due, the taxpayer must pay that tax plus any applicable interest and fees before filing and attach proof of payment. Payments already made, tax deducted/collected at source, foreign tax reliefs and specified tax credits reduce the liability. If payment is insufficient it is first applied to fees, then interest, then tax. Interest for late payment is computed after deducting advance tax, withholding, foreign reliefs and specified credits; interest for shortfall in advance tax is computed on the assessed shortfall. Unpaid amounts render the taxpayer a defaulting assessee and payments made are treated as payment against any later regular assessment.
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