Hi, ours is a start up company (a pvt ltd) with just 20 staff on roll. Is it mandatory to follow AS 15 with regard to Gratuity Calculation which needs to be done by an Actuarial? Can any one help me on this. Kind regards,
2 Replies
CA Saroj Kumar
(Keen to learn something new every moments)
(2588 Points)
Replied 25 June 2014
Yes AS 15 will be applicable since this AS is applicable for all level of companies whether it is Level I II or III.
JAINENDRA JAIN
(ACS/CA)
(1668 Points)
Replied 25 June 2014
However regarding actuarial valuation level 3entities are given exemption and not required for actuarial valuations.
Recent Topics
- GST Order and Penalty
- Shared warehouse and GST issue
- GST on religious and charitable institutions
- File an Amended Income Tax Return to Exclude Polit
- FIFT TO HUF - SEC 64 AND SEC 54 RELATED
- Selling my 12+ years old Private Limited Company
- 5 YEAR OLD DELHI ROC COMPANY
- GST Order to pay penalty without proof of wrongdoi
- TDS Applicability on Rent to KINFRA
- Profit and Loss Statement Analysis: Gross Profit,
CAclubindia
