Start learning 50% faster. Sign in now
Explanation: As per Section 34- 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 sub-section (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.
Which Nagar Panchayats in Uttarakhand have nominated Panchayats instead of elected ones?
Who won the award for Best Actor in a Leading Role (Female) at the 69th Filmfare Awards, 2024?
In whose honor has 29th August been designated as India’s National Sports day?
A man walks in a certain direction for 5 km and then walks in the south direction for 4 km. If he ends up in the east direction with respect to the sta...
Who among the following athletes was appointed as the Deputy Superintendent of Police by the Assam Government in February 2021?
Gulam Abbas Moontasir, a legendary figure in Indian sports, recently passed away at the age of 80. He was renowned for his contributions to which sport?
Volcano Eruption recently held in Mount Sinabung in which country?
Which of the following states has the lowest female literacy rate, as per Census 2011?
Which industry uses limestone as raw material?
Consider the following statements regarding initiatives in the education sector in the recent past.
1. A national mission called NISHTHA (Natio...