In case of an Old AS-Applicable Company where More than 10 employees are working, Is it mandatory to get Actuarial Valuation from Actuary for Gratuity?
Or the company can choose to simply make a calculation as per Gratuity Act voluntarily?
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Are you asking on practical grounds or by books ?
I want to know the provision as per AS. It is mandatory or not?
As per Accounting Standard, Actuarial Valuation is mandatory for the business entity having more than 50 employees
As per Accounting Standard, Actuarial Valuation is mandatory for the business entity having more than 50 employees
Thanks a lot