Gratuity & Leave Encashment-Acturial Valuation
This query is : Resolved
NEERAJ AGGARWAL
(Querist)
08 June 2011
I have a query regarding retirment benefits for the employees (Gratuity and Leave Encashment). In this we are required to get the acturial valuation done as per AS-15, but is it mandatorily required to recognise the same amount as valued by an actuary in the books of accounts of the company every year?
08 June 2011
Yes. its mandatory.
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