https://www.taxtmi.com/acts?id=41014 Sets out procedures to ensure assets are not carried above their recoverable amount (the higher of net selling price and value in use), requires assessment for indicators of impairment at each balance sheet date, measurement by market evidence or discounted cash flows using approved budgets and a pre tax discount rate reflecting time value and asset specific risks, determination of recoverable amount at asset or cash generating unit level where inflows are not independent, allocation of impairment first to goodwill then pro rata to other assets, and rules for reversal, disclosure and interaction with revaluation and tax accounting. en-us Mon, 07 Nov 2022 13:58:40 +0530 Tue, 06 Jan 2026 10:56:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41014 Sets out procedures to ensure assets are not carried above their recoverable amount (the higher of net selling price and value in use), requires assessment for indicators of impairment at each balance sheet date, measurement by market evidence or discounted cash flows using approved budgets and a pre tax discount rate reflecting time value and asset specific risks, determination of recoverable amount at asset or cash generating unit level where inflows are not independent, allocation of impairment first to goodwill then pro rata to other assets, and rules for reversal, disclosure and interaction with revaluation and tax accounting. Act-Rules Companies Law Mon, 07 Nov 2022 13:58:40 +0530 https://www.taxtmi.com/acts?id=41014