Provision for Gratuity for incorporated company?

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Is it necessary to create a provision for Gratuity for a company which is just incorporated a year back?

Cos for Gratuity the minimum years is 5... but does that mean at the end of 5 years after incorporation there will be a huge hit in the P&L?

 

Pls do let me knw (if possible along with section number or any other ref document)

Replies (1)

Hi Vipul I have quoted the same question did u come with a solution for this query...


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