TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Amendments to Indian Accounting Standards Introduce New Rules for Sale and Leaseback Transactions Effective April 2024.</h1> The Companies (Indian Accounting Standards) Second Amendment Rules, 2024, issued by the Ministry of Corporate Affairs, amends the Companies (Indian Accounting Standards) Rules, 2015. Effective upon publication, the amendments introduce new provisions in Ind AS 116 concerning sale and leaseback transactions. Key changes include the addition of paragraph 102A, which specifies how seller-lessees should account for right-of-use assets and lease liabilities, and Appendix C, which addresses lease liabilities in sale and leaseback transactions. The amendments apply to annual reporting periods starting on or after April 1, 2024, and include illustrative examples for clarity.
TaxTMI 