https://www.taxtmi.com/acts?id=36430 Ind AS 116 requires lessees at lease commencement to recognise a right-of-use asset and a lease liability; the right-of-use asset is initially measured at cost (including the lease liability, pre commencement payments net of incentives, initial direct costs and restoration obligations) and subsequently depreciated and tested for impairment, while the lease liability is initially measured at the present value of unpaid lease payments discounted using the interest rate implicit in the lease or the lessee's incremental borrowing rate and subsequently adjusted for interest, payments and remeasurements for reassessments or modifications. en-us Tue, 02 Apr 2019 10:11:31 +0530 Wed, 11 Feb 2026 15:58:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36430 Ind AS 116 requires lessees at lease commencement to recognise a right-of-use asset and a lease liability; the right-of-use asset is initially measured at cost (including the lease liability, pre commencement payments net of incentives, initial direct costs and restoration obligations) and subsequently depreciated and tested for impairment, while the lease liability is initially measured at the present value of unpaid lease payments discounted using the interest rate implicit in the lease or the lessee's incremental borrowing rate and subsequently adjusted for interest, payments and remeasurements for reassessments or modifications. Act-Rules Companies Law Tue, 02 Apr 2019 10:11:31 +0530 https://www.taxtmi.com/acts?id=36430