Section – 80. Payment of tax and other amount in instalments.—

80. Payment of tax and other amount in instalments.—

On an application filed by a taxable person, the
Commissioner may, for reasons to be recorded in writing, extend the time for payment or allow payment of any amount
due under this Act, other than the amount due as per the liability self-assessed in any return, by such person in monthly
instalments not exceeding twenty four, subject to payment of interest under section 50 and subject to such conditions
and limitations as may be prescribed:
Provided that where there is default in payment of any one instalment on its due date, the whole outstanding
balance payable on such date shall become due and payable forthwith and shall, without any further notice being
served on the person, be liable for recovery

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