https://www.taxtmi.com/acts?id=19803 Ind AS 113 prescribes a market-based exit price framework for measuring fair value using valuation techniques (market, cost, income) that maximise observable inputs and minimise unobservable ones, organised within a three-level hierarchy (Level 1-3). It requires identifying the unit of account and principal or most advantageous market, applying the highest and best use premise for non-financial assets, reflecting non-performance risk for liabilities, and providing detailed disclosures including Level 3 quantitative inputs, reconciliations and sensitivity analysis. en-us Thu, 04 Jun 2015 12:02:41 +0530 Wed, 13 Sep 2023 17:48:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19803 Ind AS 113 prescribes a market-based exit price framework for measuring fair value using valuation techniques (market, cost, income) that maximise observable inputs and minimise unobservable ones, organised within a three-level hierarchy (Level 1-3). It requires identifying the unit of account and principal or most advantageous market, applying the highest and best use premise for non-financial assets, reflecting non-performance risk for liabilities, and providing detailed disclosures including Level 3 quantitative inputs, reconciliations and sensitivity analysis. Act-Rules Companies Law Thu, 04 Jun 2015 12:02:41 +0530 https://www.taxtmi.com/acts?id=19803