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Provision for gratuity

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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???
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@VaibhavJ

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@VaibhavJ (Expert)
19 October 2013 Hi

Yes it is mandatory since it is future liabilty & may lead to disqualification.

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@VaibhavJ

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@VaibhavJ (Expert)
19 October 2013 Hi

Pl refer: http://nkapadia.com/images/pdf/gratuity_as_an_employee_benefit.pdf
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@VaibhavJ

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@VaibhavJ (Expert)
19 October 2013 One more article:

https://www.caclubindia.com/articles/provision-and-payment-of-gratuity-is-mandatory-2202.asp


Thanks

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