Labor code: Companies must recognize increased liability in Dec quarter, says ICAI chief

“Managements should estimate the financial implications considering the expanded wage definition and the requirements notified till date,” said Amit K Agarwal, partner & leader, Accounting Advisory, BDO India. “For example, while preparing the results for the quarter ending December 2025, managements should estimate the increase in gratuity liability as per the expanded definition of wages.”…

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