Clause 111 - Broken-period income acruing from a debt instrument - DIRECT TAXES CODE BILL, 2009
DIRECT TAXES CODE BILL, 2009
Chapter IX
SPECIAL PROVISIONS TO PREVENT EVASION
Contents
Broken-period income acruing from a debt instrument
111. The income accruing from a debt instrument, transferred by a person at any time during the financial year, shall not be less than the amount of broken-period income from the instrument.
