Payment of tax.
Section 116
SEC. 116. Payment of tax.— Time of payment. - The donor's tax imposed by Section one hundred nine shall be paid at the time the return is filed. The tax shall be paid by the donor to the Commissioner, Regional Director, Revenue District Officer, or Collection Agent of the city or municipality of which the donor is a resident. Extension of time. — When the Commissioner finds that the payment on the due date of the tax or of any pad of the said amount would impose undue hardship upon the donor, the Commissioner may extend the time for payment thereof not to exceed six months from the date prescribed for the payment of the tax. In such case, the amount in respect of which the extension is granted shall be paid on or before the day of the expiration of the period of the extension. Where the tax is assessed by reason of negligence, intentional disregard of rules and regulations or fraud on the part of the taxpayer, no extension shall be granted by the Commissioner. If an extension is granted, the Commissioner may require the donor to furnish a bond in such amount, not exceeding double the amount of the lax, and with such sureties, as the Commissioner deems necessary, conditioned upon the payment of the said tax in accordance with terms of the extension.