Guides

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.

Audit and CARO8 min read
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
Audit and CARO8 min read
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

Guides are general information, not tax or legal advice. Each one states the date its law and rates are given as at; confirm the treatment for your company with your Chartered Accountant.

Templates and checklists

Free Excel templatesA fixed asset register whose columns match the FixedAsset Pro importer, and a physical verification report format.Download Printable checklistsCARO 2020 fixed-asset checklist and a fixed asset audit checklist, ready to print with sign-off lines.Open

Fixed asset guides for India

All guides

CARO 2020 and physical verification of fixed assets

Year-end fixed asset closing checklist

Templates and checklists