INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART VI - COLLECTION AND RECOVERY OF TAX  

Division 1C - Payment of instalments by companies and certain trustees  

Subdivision B - 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.