By Vijaylakshmi Agarwal (finserv@vinodkothari.com) Understanding Impact What is this new Standard all about, in brief? The standard provides a new method for lease accounting. Ind AS 116 is largely converged with IFRS 16 Leases. Ind AS is expected to replace Ind AS 17 WEF from its proposed effective date being for annual periods beginning on … Continue reading FAQs on Ind AS 116: The New Lease Accounting Standard