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
- 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 - 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 - 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