Section 354 of the Indian Succession Act, 1925 – No interest on arrears of annuity within first year after testator’s death

Home › The Indian Succession Act, 1925 › Part IX – Part ix

Section 354: No interest on arrears of annuity within first year after testator’s death

No interest on arrears of annuity within first year after testator’s death.—No interest is payable on the arrears of an annuity within the first year from the death of the testator, although a period earlier than the expiration of that year may have been fixed by will for making the first payment of the annuity.

Source: official text of The Indian Succession Act, 1925 as published on India Code (PDF). All sections of the Indian Succession Act, 1925.

Related posts:

  1. The Indian Succession Act, 1925 – All Sections
  2. Chapter XVI – Of Offences Affecting Life of IPC 1860
  3. Section 174 of the Indian Succession Act, 1925 – Period of vesting where will directs that annuity be provided out of proceeds of property, or out of property generally, or where money bequeathed to be invested in purchase of annuity
  4. Comparison of Section of New Income Tax Bill Vs Old Income Tax Act