Exposure Draft of Lease Liability in a Sale and Leaseback-Amendments to Ind AS 116 Leases

As you are kindly aware that the Indian Accounting Standards (Ind AS) are based on the IFRS Standards issued by the International Accounting Standards Board (IASB). In this regard, it may be noted that IFRS Standards are being issued/revised by the IASB from time to time. As a part of convergence with IFRS Standards, the Ind AS may be issued/revised corresponding to the IFRS Standards. Accordingly, whenever any amendments are made or new IFRS Standard/IFRIC is issued by the IASB, the Accounting Standards Board of the ICAI considers those amendments and other related aspects for amending the corresponding Ind AS.  

In this regard, the Accounting Standards Board has issued the Exposure Draft on Lease Liability in a Sale and Leaseback –Amendments to Ind AS 116, Leases, for public comments.

How to comment  

Comments on the abovementioned Exposure Draft may be submitted through any of the following modes:  



Click on "Submit comment letter" below (Preferred method)           



Comments can be sent to: commentsasb@icai.in



Secretary, Accounting Standards Board, 

 The Institute of Chartered Accountants of India, 

 ICAI Bhawan, Post Box No. 7100,  

Indraprastha Marg, New Delhi 110 002 

Further clarifications on the Exposure Draft may be sought by e-mail to asb@icai.in.

Comment letter deadline

The Exposure Draft is open for comment until 30th January, 2023

Due process documents
Exposure Draft of Lease Liability in a Sale and Leaseback-Amendments to Ind AS 116 Leases  [PDF]