Is Parking area a lease or a non-lease component as per Ind AS 116?

Gautam Gupta , Last updated: 22 September 2020 Share Follow on Google News

Background: Ind AS 116 has beeneffective for the financial period beginning from 1 April 2019 onwards. There are many challenges that entities are facing while implementing and transiting to such new leases accounting standards. One issue that is constantly faced by every lessee is doing accou

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About the Author

Gautam Gupta

Manager - Capital Market and Accounting Advisory Practice

Gautam is associated as Manager with Global Capital Market practice of one of the Big 4 Consulting firm, and handling assignments with large multinationals across industries. Amongst others, handled assignments of clients in Aviation Industry, Solar Energy Sector, Textiles Sector, Steel Industry, Cement Industry, Au ... Read more

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