provision for gratuity
This query is : Resolved
madhur gupta
(Querist)
05 August 2008
hii
the co.appointed all the employee new as on 1.04.2004 n co. is listed co.
my question is whether co.has to go for acctury valuation for 2007-08 financial year,bcoz co.has not created any provision this year just has paid rs7000 to one employee who has left the firm
is it amount to non compliance of as15 n require qualification?
the co.appointed all the employee new as on 1.04.2004 n co. is listed co.
my question is whether co.has to go for acctury valuation for 2007-08 financial year,bcoz co.has not created any provision this year just has paid rs7000 to one employee who has left the firm
is it amount to non compliance of as15 n require qualification?
S.Srinivasaraghavan
(Expert)
05 August 2008
Yes it has to go for actuarial valuation.
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