Gratuity

This query is : Resolved 

16 August 2010 Hello All,

Is it compulsory to made provision for gratuity in the book of Accounts , if the employee strength cross 20. If yes, please explain me with section

Thanks in Advance

16 August 2010 Yes it should be done as per AS - 15.

16 August 2010 Agreed, provision has to be made as per AS-15 on the basis of Actuarial Valuation.


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