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TypeBare Act JurisdictionCentral Government

The Code on Wages, 2019 Section 34

Sums deductible from gross profits

~1 min read
https://sooperkanoon.com/act/147495

Bare act section · Research

About this section

The Code on Wages, 2019 Section 34 is part of The Code on Wages, 2019 - Sums deductible from gross profits. Read the section text below and explore Indian court judgments that cite it.

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Section Text

The following sums shall be deducted from the gross profits as prior charges, namely:--
(a) any amount by way of depreciation admissible in accordance with the provisions of subsection (1) of section 32 of the Income-tax Act or in accordance with the provisions of the agricultural income-tax law, for the time being in force, as the case may be;
(b) subject to the provisions of section 35, any direct tax which the employer is liable to pay for the accounting year in respect of his income, profits and gains during that year;
(c) such further sums in respect of the employer as may be prescribed by the Central Government.

Frequently asked questions

What does The Code on Wages, 2019 Section 34 provide?

Section Section 34 of the The Code on Wages, 2019 (Sums deductible from gross profits) is reproduced on this page as part of the The Code on Wages, 2019. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on The Code on Wages, 2019 Section 34?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference The Code on Wages, 2019 Section 34. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

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