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The general rule for the apportionment of income between the transferor and transferee under Section 36…

Section 36 treats periodical income as accruing from day to day between transferor and transferee, unless a contract or local usage provides otherwise. This allows income to…

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The general rule for the apportionment of income between the transferor and transferee under Section 36 of the Transfer of Property Act 1882 is that such income shall be deemed to accrue due from

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Section 36 treats periodical income as accruing from day to day between transferor and transferee, unless a contract or local usage provides otherwise. This allows income to be apportioned across the transfer date. The actual payments remain payable on their appointed dates; daily accrual does not require daily payment.

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