Section 34 Code on Wages 2019

 Section 34 Code on Wages 2019 :

Section 34.   Sums deductible from gross profits. 

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.


Section 34 Wage Code 2019 in Hindi / धारा 34 वेतन संहिता अधिनियम, 2019 का विवरण :  - http://164.100.47.4/billstexts/LSBillTexts/Hindi/PassedLokSabha/184-C_2019_LS_Hin.pdf


Supreme Court of India Important Judgments And Leading Case Law Related to Section 34 Code on Wages 2019 :  Not Yet Available

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