The Institute of Chartered Accountants of India (ICAI), on 10th June 2018, has issued Indian Valuation Standards effective for the valuation reports issued on or after 1st July 2018.
These Indian Valuation Standards will be applicable for all the valuation engagements on mandatory basis under the Companies Act, 2013. In respect of the Valuation engagements under other statues like Income tax, SEBI, FEMA, etc., it will be on recommendatory basis for the members of the Institute.
The following Indian Valuation Standards have been issued by the ICAI :-
- Indian Valuation Standard 101 – Definitions
- Indian Valuation Standard 102 – Valuation Bases
- Indian Valuation Standard 103 – Valuation Approaches and Methods
- Indian Valuation Standard 201 – Scope of work, Analyses and Evaluation
- Indian Valuation Standard 202 – Reporting and Documentation
- Indian Valuation Standard 301 – Business Valuation
- Indian Valuation Standard 302 – Intangible assets
- Indian Valuation Standard 303 – Financial Instruments
To download the Indian Valuation Standards issued by ICAI, please click here Indian Valuation Standards
