INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
PART VI
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COLLECTION AND RECOVERY OF TAX
Division 1C
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Payment of instalments by companies and certain trustees
Subdivision D
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Estimates of current year's tax
SECTION 221AZO
TAXPAYER MAY LODGE ESTIMATES OF CURRENT YEAR'S TAX
221AZO(1)
[Number of estimates allowed]
A taxpayer is entitled to lodge with the Commissioner up to 2 estimates of the tax (if any) that the taxpayer will be liable to pay for the current year.
221AZO(2) [Non-revocable]An estimate cannot be revoked.
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