21 февр. 2022 г. · Therefore, as per the law, the audit of the Approved Gratuity trust under the Income Tax Act, 1961 shall be conducted each year and Income Tax ...

Brief Overview. The following two annual compliances applicable to gratuity trust: Annual audit of the trust; Income tax return filing of the trust.

17 нояб. 2023 г. · This article outlines the key obligations, including accounting entries, auditing procedures, Income Tax Return filing, and the importance of actuarial reports.

Collecting good quality data and having appropriate assumptions, therefore, plays a vital role in carrying out correct valuation of liabilities and expenses.

DOCUMENTS REQUIRED · Books of accounts · Bank statement of the trust · Actuarial valuation report · Fund statement of insurance Company · Trust master data · All the ...

29 авг. 2020 г. · Accounting of gratuity trust under Ind AS needs to be analyzed from standalone books of trust and the consolidation aspects along with employer.

6 мар. 2019 г. · We perform audit on this fund where there is funded gratuity fund with a separate trustee board and a separate accounts is prepared to confirm if the client is ...

3 нояб. 2023 г. · This article delves into the world of Approved Gratuity Trust, providing an overview, benefits, formation process, and key compliance aspects.

Gratuity fund is a single amount installment made by an organization to the representative in time of his/her retirement. We perform audit on this reserve ...

The Council has clarified that for the above purpose the audit of Provident Fund Trust, Gratuity Fund etc. carried out by the statutory auditor are to be ...