As per the IND AS 117, I have accounted for ROU Assets and Lease liabilities in lessee books under finance lease agreement. However the lessee used to receive the lease rental invoice on monthly basis. could you please help me to understand how to account for such lease rental expenses and TDS on lease rent in lessee books of accounts ?
Does lease rent expenses need to books even though interest expense on lease liability and depreciation on ROU assets charged to profit&loss accounts?
please advise.
CAclubindia
