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

Part IX · Chapter IX · Of the Payment and Apportionment of Annuities

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

Section 339 · Part IX · Chapter IX · page 87 of the Act

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.

Section 339 of The Indian Succession Act, 1925 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.