https://www.taxtmi.com/news?id=71819 Form 34 is the prescribed report to be filed with the return of income by audited assessees claiming deduction for additional employee cost under section 146 of the Income-tax Act, 2025. It is verified by a Chartered Accountant and filed under Rule 68. The deduction is stated to be 30% of the additional employee cost for three tax years, and the form applies to assessees earning business or professional income who are liable to audit under section 44AB and satisfy the payment conditions for employee emoluments through permitted banking or electronic modes. en-us Thu, 26 Mar 2026 14:16:58 +0530 Thu, 26 Mar 2026 14:16:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71819 Form 34 is the prescribed report to be filed with the return of income by audited assessees claiming deduction for additional employee cost under section 146 of the Income-tax Act, 2025. It is verified by a Chartered Accountant and filed under Rule 68. The deduction is stated to be 30% of the additional employee cost for three tax years, and the form applies to assessees earning business or professional income who are liable to audit under section 44AB and satisfy the payment conditions for employee emoluments through permitted banking or electronic modes. News - Thu, 26 Mar 2026 14:16:58 +0530 https://www.taxtmi.com/news?id=71819