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 B
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General rules for payment of instalments
SECTION 221AZM
221AZM
ENTITLEMENT TO INSTALMENT CREDIT
A taxpayer who pays an instalment is entitled to a credit equal to the amount of the instalment. The credit arises when the Commissioner makes an assessment of the income tax payable by the taxpayer or determines that no income tax is payable.
View history note
Hide history noteA taxpayer who pays an instalment is entitled to a credit equal to the amount of the instalment. The credit arises when the Commissioner makes an assessment of the income tax payable by the taxpayer or determines that no income tax is payable.
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