provision for gratuity

This query is : Resolved 

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?


05 August 2008 Yes it has to go for actuarial valuation.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries