Answer / bhimanshu kansal

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.

Expand-----SATR

1 Answers  

---

what are the financial reports to be accompanied with income tax return of a business concern?

1 Answers  

---

how to calculate valuation of closing stock

1 Answers  

---

18. If the real gross domestic product of US has increased, but the production of goods remained the same, then the production of services has; a) Increases b) Decreases c) Remained same d) Would vary

5 Answers   Capital IQ,

---

interest paid comes under which head

0 Answers  

---

How many types of banking accounts? tell me about that

20 Answers   Andhra Bank, Bank of Baroda, Canara Bank, Chartered Accountant, Indian Bank,

---

EXPAND_________SDJMC

0 Answers  

---

CAN ANY OF U TELL ME WHAT QUESTION ACTUALLY ASK IN OPERATION ROUND IN BA CONUTNNIUM SOLUTION

0 Answers  

---

concepts of accounting

5 Answers   Genpact,

---

tax on raw material is direct expense or indirect expense

4 Answers  

---

what are the difference between bookkeeping and accounting ?

3 Answers  

---

Which Invoice issued on Central Sale Commercial or Retail?

0 Answers  

---