Is provision of gratuity current liability as per revised schdule vi ?
1 Replies
CA ANKUSH AGGARWAL
(CHARTERED ACCOUNTANT)
(2782 Points)
Replied 08 February 2013
Acturial will ascertain companies' liability towards gratuity and would bifurcate it into two parts-Current Liabilty and Non cuurent Liabilty.so,not total amount of gratuity wil be shown as current only the portion which is expected to arise within one year from the balance sheet date will be Current liabilty.
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