Operating lease disclosure!

Anybody any idea about the disclosure requirements of operating lease. I mean apart from the disclosure of lease rentals in PL, I heard that lessee is also required to disclose lease rentals for further years. So i want to know what and how such details shall be disclosed in Notes to accounts?

 

SM

Replies (5)

There is no such requirement for disclouser of Rental Expenses in operating Lease. You are required to disclose it in Financial Lease.

There must be some disclosure required atleast in operating lease???

If the Lessee sub let the property, then he is require to disclose it.

yes, there is required as per Act  in below mentioned category

1 Lease rentals for not more than one yr

2 one to five year

3 five year & above

 

ok. Thnx Mr. Subham for the info.

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