ED/Ind AS/2017/06

Exposure Draft

Indian Accounting Standard (Ind AS) 116


(Last date for Comments: August 31, 2017)

Issued by

Accounting Standards Board

The Institute of Chartered Accountants of India

Exposure Draft

Ind AS 116 Leases

Following is the Exposure Draft of the Ind AS 116, Leases, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments. The Board invites comments on any aspect of this Exposure Draft. Comments are most helpful if they indicate the specific paragraph or group of paragraphs to which they relate, contain a clear rationale and, where applicable, provide suggestions for alternative wording.

How to comment

Comments can be submitted using one of the following methods, so as to be received not later than August 31, 2017.

1. Electronically: Visit the following link

http://www.icai.org/comments/asb/ (Preferred method)

2.  Email:


Comments can be sent to commentsasb@icai.in
3. Postal: Secretary, Accounting Standards Board,

The Institute of Chartered Accountants of India, ICAI Bhawan, Post Box No. 7100,

Indraprastha Marg, New Delhi ± 110002.

Further clarifications on any aspect of this Exposure Draft may be sought by e-mail to asb@icai.in.


1. Indian Accounting Standard 116, Leases (Ind AS 116) sets out the principles for the recognition, measurement, presentation and disclosure of leases. The objective is to ensure that lessees and lessors provide relevant information in a manner that faithfully represents those transactions. This information gives a basis for users of financial statements to assess the effect that leases have on the fmancial position, financial performance and cash flows of the entity.

Download Exposure Draft of Ind AS 116, Leases

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