Applicability of AS 15(employees Benefit)
This query is : Resolved
abhijit majumder
(Querist)
16 July 2021
To
The
Experts
Does Valuation of gratuity by Actuary as per AS 15 is compulsory for every enterprise.
Our company is a 100% State Govt owned company and its capital base is Rs.15 crore and Turnover is Rs. 102 crore.
Can it avail exemption available to SME(as per 2020 definition of SME) sector from applicability of AS-15 in its ENTIRETY?
Regards
Abhijit
The
Experts
Does Valuation of gratuity by Actuary as per AS 15 is compulsory for every enterprise.
Our company is a 100% State Govt owned company and its capital base is Rs.15 crore and Turnover is Rs. 102 crore.
Can it avail exemption available to SME(as per 2020 definition of SME) sector from applicability of AS-15 in its ENTIRETY?
Regards
Abhijit
CA R SEETHARAMAN
(Expert)
16 July 2021
Yes, SME benefit available.
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