Whether ROU Assets and Lease Liability as required under Ind AS 116 needs to be created for cancellable leases.
Whether treatment is same for Cancellable lease and non cancellable lease ??
Whether ROU Assets and Lease Liability as required under Ind AS 116 needs to be created for cancellable leases.
Whether treatment is same for Cancellable lease and non cancellable lease ??
You need to check the practical position of cancellable clause i.e. whether it is economically viable or not / whether practically possible or not. Then we need to create ROU / liability.
Aggarwal Sarawagi and Co
New Delhi
CA
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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