Accounting Standards

This query is : Resolved

VINITHA RAJESH (Querist)
Follow

15 February 2011 A company was incorporated in 2009. There are 20 employees in the company as on today. They have not provided for gratuity till now. The obligation for payment of gratuity arises only after 5 years.

Is the company required to give provision for gratuity in the books. Do this need to be certifed by an actuary as per AS 15.

Please advice.

sandesh mundra

sandesh mundra (Expert)
Follow

16 February 2011 Provisioning of Gratuity is compulsory as per AS-15. You can calculate the same on your own in a spreadsheet. Let me know if you need the format.

As per AS-15, it is advisable to go for acturial certificate once in three years

VINITHA RAJESH

VINITHA RAJESH (Querist)
Follow

17 February 2011 Thanks.

If you can give the format that would be of great help to me

sandesh mundra

sandesh mundra (Expert)
Follow

17 February 2011 give me a test mail on sandeshmundra@gmail.com

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Sharang Sanjay Mangalekar

saurabh sawlani

deepak

J.Vijai

Vivekanand Sagar

Subscribe Now

Accounting Standards

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA