Major difference between Ind As 116 vs As 17.( Just mention 2/3 points)?

Ind AS 17 classified leases as finance leases and operating leases. Ind AS 116 does not make this distinction. When compared to Ind AS 17, Ind AS 116 requires detailed disclosure for lessees. Unlike Ind AS 17, Ind AS 116 provides specific provision for lease modification, for the lessor and lessee. Similarly, Ind AS 116…...

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