Provision for gratuity
This query is : Resolved
NITU GUPTA
(Querist)
19 October 2013
Pvt.Ltd. company incorporated in 2011 have only one employee .Is there any necessity for making provision for gratuity as per AS-15.
As well as can non provisioning lead to qualification in audit report???
19 October 2013
Hi
Yes it is mandatory since it is future liabilty & may lead to disqualification.
Thanks
Yes it is mandatory since it is future liabilty & may lead to disqualification.
Thanks
19 October 2013
Hi
Pl refer: https://nkapadia.com/images/pdf/gratuity_as_an_employee_benefit.pdf
Pl refer: https://nkapadia.com/images/pdf/gratuity_as_an_employee_benefit.pdf
19 October 2013
One more article:
https://www.caclubindia.com/articles/provision-and-payment-of-gratuity-is-mandatory-2202.asp
Thanks
https://www.caclubindia.com/articles/provision-and-payment-of-gratuity-is-mandatory-2202.asp
Thanks
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