Clause 122 - Broken-period income accruing from a debt instrument. - DIRECT TAXES CODE, 2010
DIRECT TAXES CODE, 2010
Chapter XI
SPECIAL PROVISIONS RELATING TO AVOIDANCE OF TAX CLAUSES
Contents
Broken-period income accruing from a debt instrument.
122. 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.