difference between provision and provisio
This query is : Resolved
12 December 2008
hello experts
plz let me know the difference between provision and provisio?
thankx
plz let me know the difference between provision and provisio?
thankx
13 December 2008
Provision: A present obligation which satisfies the rest of the definition of a liability, even if the amount of the obligation has to be estimated
13 December 2008
proviso:
A conditional provision to an agreement
A conditional provision to an agreement
23 January 2016
Provision:- The term 'Provision' is the legal statement
proving for something or we can say rules and relulations
to which we have to apply as per law.
Proviso:- The term 'Proviso' is the some conditions or
restrictions on provision.
For Example:- In Advance Tax, refrence to section 234c of
Income Tax Act, 1961 the provision is that if it is a
deferment of advance tax beyond due date then interest
would be 1% per month for a period of 3 months for every
deferment whenever proviso is that if any income from
capital gain and income from lottery arises after the due
date for any installment then tax payable on such income
should be paid in remaining installment without payment of
any interest.
proving for something or we can say rules and relulations
to which we have to apply as per law.
Proviso:- The term 'Proviso' is the some conditions or
restrictions on provision.
For Example:- In Advance Tax, refrence to section 234c of
Income Tax Act, 1961 the provision is that if it is a
deferment of advance tax beyond due date then interest
would be 1% per month for a period of 3 months for every
deferment whenever proviso is that if any income from
capital gain and income from lottery arises after the due
date for any installment then tax payable on such income
should be paid in remaining installment without payment of
any interest.
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