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

Part IX · Chapter XI · Of the Produce and Interest of Legacies

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

Section 354 · Part IX · Chapter XI · page 89 of the Act

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.

Section 354 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.