Section 339 of the Indian Succession Act, 1925 – When annuity, to be paid quarterly or monthly, first falls due

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Section 339: When annuity, to be paid quarterly or monthly, first falls due

Where there is a direction that the annuity shall be paid quarterly or monthly, the first payment shall be due at the end of the first quarter or first month, as the case may be, after the testator’s death; and shall, if the executor or administrator thinks fit, be paid when due, but the executor or administrator shall not be bound to pay it till the end of the year.

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

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