Valuation for financial reporting, impairment testing, and Ind-AS/IFRS compliance.
Fair value computation refers to the estimation of the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (as defined under Ind-AS/IFRS).
 This can apply to:

• Financial instruments
• Investments in subsidiaries, associates, or joint ventures
• Intangible assets
• Property or investment property
 Fair value is often required in financial statements, impairment testing, and investor reporting.