https://www.taxtmi.com/notifications?id=129200 Amendments introduce Ind AS 116, requiring lessees to recognise right-of-use assets and lease liabilities, set initial and subsequent measurement and presentation rules, permit exemptions for short-term and low-value leases, provide practical expedients on transition (full retrospective or modified retrospective recognising cumulative effect at initial application), and make consequential amendments across multiple Ind ASs to align definitions, measurement, impairment and disclosure requirements with the new lease accounting model. en-us Sat, 30 Mar 2019 00:00:00 +0530 Wed, 11 Feb 2026 15:58:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=129200 Amendments introduce Ind AS 116, requiring lessees to recognise right-of-use assets and lease liabilities, set initial and subsequent measurement and presentation rules, permit exemptions for short-term and low-value leases, provide practical expedients on transition (full retrospective or modified retrospective recognising cumulative effect at initial application), and make consequential amendments across multiple Ind ASs to align definitions, measurement, impairment and disclosure requirements with the new lease accounting model. Notifications Companies Law Sat, 30 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=129200