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Applicability of AS-15 for newly formed company

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(Querist)
18 December 2008 Our company incorporated in 2006 only.

Whether Provision for gratuity as per AS-15 would be applicable as company is just two year old.

As gratuity would be payable only after 5year of service of employee

yogesh
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Jitender

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Jitender (Expert)
18 December 2008 yes, it is applicable.

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