Question

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:

• A. Day to day basis
• B. Every fortnight basis
• C. Monthly basis
• D. Yearly basis

Answer 1

The Correct Option is A

Section 36 apportion income on a day-to-day basis when there is a transfer of property.