748 INCOME TAX. INTEREST AND ADDITIONS-Contd . Time extended for paying deficiency . Interest for period of extension . Additional,
not paid, etc . Interest on jeopardy assessments . Rate of, on amount collected . Ante, p. 744. Additional, if amount of deficiency not paid in full . Bankruptcy and re- ceiverships . Interes t, if n ot paid on demand . Ante, p . 744. Removal of property . Additio ns to t ax for, etc . Ante, p . 725. CLAIMS AGAINST TRANSFEREES AND FIDUCIA- RIES . Transfe rred as sets . Method of collection similar to deficiency collections . 73d C ONGRESS . SESS . II. CH. 277 . MAY 10, 1934 . from the date whe n such payment shoul d have been made if no extension had been granted, until the expiration of the period of the extension . SEC. 296 . T IME EXTEN DED FOR PAYME NT OF DEF ICIE NCY . If the time for the payment of any part of a deficiency is extended, there shall be collected, as a part of the tax, interest on the part of the deficiency the time for payment of which is so extended, at the rate of 6 per centum per annum for the period of the extension, and no other interest shall be collected on such part of the deficiency for such period . If the part of the deficiency the time for payment of which is so extended is not paid in accordance with the terms of the extension, there shall be collected, as a part of the tax, interest on such unpaid amount at the rate of 1 per centum a month for the period from the time fixed by the terms of the extension for its pay- ment until it . is paid, and no other interest shall be collected on such unpaid amount for such period . SEC. 297. INTEREST IN CASE OF JEOPARDY ASSESSMENTS . In the case of the amount collected under section 273(i) there shall be collected at the same time as such amount, and as a part of the tax, interest at the rate of 6 per centum per annum upon such amount from the date of the jeopardy notice and demand to the date of notice and demand under section 273(i), or, in the case of the amount collected in excess of the amount of the jeopardy assess- ment, intere st as provid ed in sectio n 292 . If the amount included in the notice and demand from the collector under section 273(i) is not paid in full within ten days after such notice and demand, then there shall be collected, as part of the tax, interest upon the unpaid amount at the rate of 1 per centum a month (or, for any period the estate of the taxpayer is held by a fiduciary appointed by any court of compet ent juris diction o r by will , at the rate of 6 per cent um per annum) from the date of such notice and demand until it is paid . SEC. 298 . BANKRUPTCY AND RECEIVERSHIPS . If the unpaid portion of the claim allowed in a bankruptcy or receivership proceeding, as provided in section 274, is not paid in full within ten days from the date of notice and demand from the collector, then there shall be collected as a part of such amount interest upon the unpaid portion thereof at the rate of 1 per centum a month from the date of such notice and demand until payment . SEC . 299. REMOVAL OF PROPERTY OR DEPARTURE FROM UNITED STA TES . For additions to tax in case of leaving the United States or con- cealing property in such manner as to hinder collection of the tax, see section 146 . Supplement N-Claims against Transferees a nd Fiduciaries SEC. 311 . TRANSFERRED ASSETS . (a) METHOD Or COLLECTION .-The a mounts of th e foll owing liabil - ities shall, except as hereinafter in this section provided, be assessed, collected, and paid in the same manner and subject to the same pro- vision s and lim itations as in the case of a deficie ncy in a tax impos ed by this title (including the provisions in case of delinquency in paym ent after noti ce a nd de mand, the prov ision s aut hori zing dis-
