01-28-2009, 08:11 PM
Hi
according to Limitation Act,1908 if a person does not contact the borrower or other person, liable for making payment to him, within the period of Three (3)years then the right of the first person or party will be ceased.
So remain intouch with your borrowers and continue correspondence with them regarding the unclaimed expenses.
according to Income Tax Ordinance,2001 the expenses of long contract shall be apportioned on the length of the contract on the basis of estimated cost of project.
according to Limitation Act,1908 if a person does not contact the borrower or other person, liable for making payment to him, within the period of Three (3)years then the right of the first person or party will be ceased.
So remain intouch with your borrowers and continue correspondence with them regarding the unclaimed expenses.
according to Income Tax Ordinance,2001 the expenses of long contract shall be apportioned on the length of the contract on the basis of estimated cost of project.
