Fixed assets, depreciation & compliance — explained
Practical, India-specific guides on Schedule II and Section 32 depreciation, CWIP, component accounting, deferred tax and the statutory reports your auditors expect. Written for CFOs, controllers and CAs.
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GST ITC Reversal on Capital Goods: Rule 43 Made Simple
The 60-month formula for reversing input tax credit on capital goods, common exempt-supply mistakes, and how to tie the reversal back to your fixed asset register.
From Spreadsheets to Software: When Your Fixed Asset Register Becomes a Liability
The failure modes of Excel-based fixed asset registers at scale, and the controls — audit trail, maker-checker, dual depreciation — that software adds.
Form 26 Clause 36: What Changes for Depreciation in the New Tax Audit Report
The transition from Form 3CD to Form 26, how Clause 36 covers depreciation, and how to produce an audit-ready depreciation schedule that reconciles to the return.
Component Accounting under Companies Act 2013: A Practical Guide for Manufacturers
How to identify significant components, depreciate them separately under Schedule II, and handle AS 10 component replacements without double-counting.
Book vs Tax Depreciation: Computing Deferred Tax on Fixed Assets
A worked reconciliation of book (Companies Act) and tax (Income-tax) depreciation showing how two depreciation bases create deferred tax assets and liabilities.
Physical Verification of Fixed Assets: Why It Matters and How to Do It
What physical verification of fixed assets involves, why auditors require it, how to handle ghost assets, and how tagging makes the whole exercise repeatable.
Additional Depreciation under Section 32(1)(iia): A Manufacturer's Guide
Who qualifies for 20% additional depreciation on new plant & machinery, the 180-day trap that splits it 10%+10%, and why the concessional tax regime switches it off.
Block of Assets under Section 32: Income Tax Depreciation Explained
How the block-of-assets concept works under Section 32 of the Income-tax Act, why individual assets lose identity, and how additions, the 180-day rule and disposals move the WDV.
Capital Work in Progress (CWIP): Accounting, Capitalisation & Schedule III Ageing
When to capitalise, which costs to include, and how to produce the CWIP ageing disclosure under Schedule III that auditors now demand.
How to Calculate Shift Depreciation (Double & Triple Shift) Correctly
Why manufacturers routinely get double- and triple-shift depreciation wrong in Excel, and how Schedule II Part C actually applies the extra depreciation.
SLM vs WDV: Which Depreciation Method Should Your Company Use?
A side-by-side comparison of straight-line and written-down-value depreciation under the Companies Act 2013, with the WDV rate formula and its impact on profit and deferred tax.
Fixed Asset Register Format in Excel: Template Fields (and Where It Breaks)
The fields a Schedule II-compliant fixed asset register needs in Excel, and the five points where a growing company outgrows the spreadsheet.
Depreciation as per Companies Act 2013: A Complete Schedule II Guide
A plain-English walkthrough of Schedule II useful-life depreciation under the Companies Act 2013, with worked SLM and WDV examples in rupees.
Stop reconciling. Start closing.
Everything in these guides — Schedule II and Section 32 depreciation, CWIP, deferred tax and statutory reports — computed for you from one register.