Article 31Special Provisions on the Time of Transfers, etc. of Assets Pertaining to Transfers on Deferred Payment Terms

The portion for which an individual business operator prescribed in Article 16, paragraph (2) of the Act is deemed, pursuant to the main clause of that paragraph, to have made transfers, etc. of assets in the taxable period that includes the due date for payment of an installment pertaining to a transfer on deferred payment terms prescribed in paragraph (1) of that Article (hereinafter in this Article through Article 34 referred to as a "transfer on deferred payment terms") is the portion pertaining to those installments of that transfer on deferred payment terms whose due date for payment arrives during that taxable period (excluding, where there is an amount of such an installment that has already been received on or before the day preceding the first day of that taxable period, the portion pertaining to that amount, and including, where there is an amount received during that taxable period of an installment whose due date for payment arrives on or after the day following the last day of that taxable period, the portion pertaining to that amount).