Fixed asset guides for India
Practical, in-depth guides to depreciation under the Companies Act and the Income-tax Act, Ind AS 16, CARO 2020, GST on capital goods and running a clean asset register. Written by the FixedAsset Pro Editorial Team, with worked examples.
All guides
- Companies Act
Companies Act Schedule II depreciation explained
How Schedule II works: useful lives, the 5% residual value, SLM and WDV, pro-rata by days, extra-shift depreciation, components and disclosure.Read the guide - Income-tax and GST
Income-tax depreciation: block of assets and WDV
How Indian income-tax depreciation works on a block of assets: actual cost, the WDV roll-forward, the 180-day rule, additional depreciation, s.50 and Form 3CD.Read the guide - Ind AS
Ind AS 16 for your fixed asset register
What Ind AS 16 asks of a fixed asset register: recognition, cost, components, annual review of life and method, revaluation, derecognition and AS 10 compared.Read the guide - Audit and CARO
CARO 2020 and physical verification of fixed assets
What CARO 2020 clause 3(i) asks about fixed assets, how to plan and run a physical verification, handle discrepancies and give your auditor the evidence.Read the guide - Register and operations
Fixed asset register format: the columns you need
The columns an Indian fixed asset register needs for the Companies Act, CARO 2020 and the tax audit, grouped by purpose, with a worked sample row and common mistakes.Read the guide - Income-tax and GST
GST input tax credit on capital goods
When ITC on capital goods is allowed or blocked, Rule 43 common credit, GST on sale under section 18(6), and how each choice changes asset cost and depreciation.Read the guide - Register and operations
QR code vs barcode vs RFID asset tagging
How QR codes, barcodes and RFID compare for fixed asset tags: data, reading, durability and label materials, plus a numbering scheme and a tagging plan for verification.Read the guide - Income-tax and GST
Reconciling book and tax depreciation
Why Schedule II and section 32 depreciation differ, how to lay out the reconciliation, deferred tax under AS 22 and Ind AS 12, and the clause 18 tie-out.Read the guide - Register and operations
Moving your asset register from Excel
Moving an Excel fixed asset register into software: cleaning the data, choosing the cut-over date, opening balances for both books and tying control totals.Read the guide - Audit and CARO
Year-end fixed asset closing checklist
A year-end close for fixed assets in order: CWIP capitalisation, cut-off, disposals and GST, estimates, verification, depreciation, Schedule III and CARO.Read the guide