S. Jaykishan

Chartered Accountants

Tag Archive for Ind as 116

New Ind AS on Leases notified

New Ind AS on Leases notified

(Date: 1/04/2019)

The Ministry of Corporate Affairs has notified the new Ind AS 116, Leases. It shall replace existing Ind AS 17 and shall be effective from financial year beginning on or after April 1, 2019. The new Standard will impact accounting of leases in the books of lessees.