Executive Rule No. 53 outlines the procedures for an Incorporated Body to settle due tax and penalties. Payments can be made at the Tax Department via certified cheque or electronic methods, or by bank transfer to a specified Ministry of Finance account. The Rule mandates that assessed taxes must be settled in a single payment after installment periods elapse. It details the process for using income tax retentions for settlement, authorising third-party payments where joint liability applies, and clarifies the Tax Department’s right to collect directly from retentions once an assessment is finalised.