Recovery of money

BHARTI KOTHARI (Querist) 25 June 2017 This query is : Resolved
Hello Experts,
Thanks in anticipation for the knowledge exchange.
Kindly advice me on below query.
I sell the goods under (1) invoice dated 08.03.2014 with the creedit period of 30 days
2. Invoice dated 08.07.2014 with the creedit period of 30 days.
when the limitation period will start and when will expire under the limitation act.

Follow Query

Report Abuse

Dr J C Vashista (Expert) 25 June 2017
Although it is an academic query yet to clarify it is 7/3/2017 and 7/7/2017 respectively.

BHARTI KOTHARI (Querist) 25 June 2017
sir but in case of invoice dt 08.03.2014 since the credit term is of 30 days so the due date for the payment is 08.04.2014 and therefore the limitation will start from end of the financial year i.e. 31.03.2015. Am i right. Please advice me

Dr J C Vashista (Expert) 25 June 2017
Please read my reply again.

Rajendra K Goyal (Expert) 27 June 2017
Agree with the expert Dr. J.C. Vashishta ji.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries