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is the Indian Accounting Standard that governs leases, aligning with the international standard IFRS 16 .

: You can find the full text of the standard on the ICAI website or detailed summaries on ClearTax . 2. Legal Statutes (India) is the Indian Accounting Standard that governs leases,

: It eliminates the distinction between "operating leases" and "finance leases" for lessees. Almost all leases must now be recognized on the balance sheet. is the Indian Accounting Standard that governs leases,

: Lessees must recognize a Right-of-Use (ROU) asset and a corresponding lease liability . is the Indian Accounting Standard that governs leases,