Law Maker

PART IX PROBATE, LETTERS OF ADMINISTRATION AND ADMINISTRATION OF ASSETS OF DECEASED · CHAPTER XL.—Of the Produce and Interest of Legacies

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

The Indian Succession Act, 1925

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.