Section 130 in The Companies (Accounting Standards) Rules, 2006
130. For other long-term employee benefits, an enterprise should recognise the net total of the following amounts as expense or (subject to paragraph 59) income, except to the extent that another Accounting Standard requires or permits their inclusion in the cost of an asset:
(a)current service cost (see paragraphs 64-91);(b)interest cost (see paragraph 82);(c)the expected return on any plan assets (see paragraphs 107-109) and on any reimbursement right recognised as an asset (see paragraph 103);(d)actuarial gains and losses, which should all be recognised immediately;(e)past service cost, which should all be recognised immediately; and(f)the effect of any curtailments or settlements (see paragraphs 110 and 111).
