Hi Smitha,
The valuation certificate for statutory payments are not much important prior to Sathyam scam. The statutory payments are valued by the management themselves and make provisions in their books of accounts accordingly. After Sathyam scam, all statutory payments are focused for valuation certificate to ensure the accurals and deposits.
Not only gratuity but other statutory payments has to have valued certificate as per accounting standards. Now accounting standards are given formost importance after such a scam.
Sorry, I have no specific guy to do such certification. Normally they will charge nominal amount for certification not high as you said.
with warm regards,
T.Kumar
The valuation certificate for statutory payments are not much important prior to Sathyam scam. The statutory payments are valued by the management themselves and make provisions in their books of accounts accordingly. After Sathyam scam, all statutory payments are focused for valuation certificate to ensure the accurals and deposits.
Not only gratuity but other statutory payments has to have valued certificate as per accounting standards. Now accounting standards are given formost importance after such a scam.
Sorry, I have no specific guy to do such certification. Normally they will charge nominal amount for certification not high as you said.
with warm regards,
T.Kumar