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of <h1>Law requires pre-filing payment of tax, interest and fees; prescribes payment order and credit rules; clarifies section 206 credits</h1> The provision mandates pre-filing payment of tax, interest and fees when specified returns show tax payable, requires proof of payment with the return, prescribes application of short payments (fee, then interest, then tax), and sets formulas for computing interest and 'assessed tax' after specified credits and foreign tax reliefs; payments made pre-assessment are credited to later assessments and nonpayment creates assessee-in-default consequences. The enacted Act expands and clarifies tax-credit cross-references (enumerating multiple subclauses of section 206) where the original Bill referenced only section 206(13), reducing ambiguity about allowable credits.
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