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IND AS 19
Financial Reporting
Hi sir I have query in post employment benefits Defined contribution plan We are classifying PF payable by the employer as defined contribution plan under post employment benefits My query is PF payable by employer is expected to settled in 12 months right then why can't we classified under short term benefits and do accounting... Kindly clarify me sir
Answers (4)
CA Suraj Lakhotia Admin
When will the employee receive PF amounts?
Will receive at retirement or resignation Employee can withdraw partially also for medical, marriage purposes My query is it is receivable by employee after employment...but from employer point of view it is payable within 12months to PF accounts(actual PF Payable to be done on or before 15th of nxt month) then how can be classified as post employment benefits instead of short term benefits ?? Crct me if my understanding is wrong...
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