provision and proviso


This query is : Resolved 

(Querist)
14 February 2011 Dear Sir,

Kindly let me know what is the difference between provision and proviso


15 February 2011 Hi,
In Simple terms

Provision = Content of the Section

Proviso = Exceptions to above Section.

Regards
CA. Lohith. J
B.Com,ACA,CS,(ICWA),SAPM Hons, ITF Hons


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