Which one of the following statements is correct under the Payment of Bonus Act, 1965

(A) The sums deductible from gross profits do not include any amount by way of depreciation admissible under the Income-tax Act, 1961

(B) The sums deductible from gross profits include any amount by way of development rebate for which the employer is entitled under the Income-tax Act, 1961

(C) In calculating direct tax payable by the employer, account shall be taken of any loss incurred by the employer in respect of any previous accounting year

(D) The available surplus in respect of any accounting year shall be the gross profit for that year before deducting the sum under section 6.