Fixed Asset Manager

Fixed Assets

Master list · all amounts at purchase cost

#	Asset Name	Category	Purchase Date	Cost (₹)	Method	CA Rate	IT Rate	Residual %	Actions

Fixed Asset Register

Schedule II – Companies Act 2013 & Section 32 – Income Tax Act 1961

FY: Period:

Asset Name	Category	Method	Gross Block Opening	Additions	Gross Block Closing	Acc Dep Opening (CA)	Dep for Year (CA)	Acc Dep Closing (CA)	CA WDV Opening	CA WDV Closing	IT WDV Opening	IT Dep for Year	IT WDV Closing

CA = Companies Act 2013 (Schedule II). IT = Income Tax Act 1961 (Sec. 32). WDV = Written Down Value. Residual = 5% of cost (or as configured). Pro-rata applied in year of acquisition for CA; half-year rule (Oct 1) applied for IT.

Depreciation Schedule

Select a view mode below

Asset:

◀ = Current FY (set in Settings). (Proj.) = Projected future years. Timing Diff = CA WDV minus IT WDV. Positive = DTL; Negative = DTA.

Deferred Tax Workings

AS-22 / Ind AS-12 — Balance Sheet position & P&L movement

FY: Tax Rate %: i

Asset Name	Category	CA WDV (Closing)	IT WDV (Closing)	Timing Diff (CA–IT) i	Nature	Tax Rate	DTA (₹)	DTL (₹)

Statutory Reference: Deferred tax recognised per AS-22 / Ind AS-12 on timing differences between depreciation per books (Companies Act, Schedule II) and depreciation allowed for tax (IT Act, Sec. 32). Recognition of DTA requires reasonable certainty (AS-22) or virtual certainty with convincing evidence (Ind AS-12) of sufficient future taxable profits. Review with your Chartered Accountant before finalising financial statements.

Settings & Data

Company & Year

Company Name

Current Financial Year

Tax Rate (Deferred Tax)

Corporate tax rate for DTA/DTL. Common rates: Normal = 25.17% · MAT = 15.60% · Large Co. = 34.944%

Applicable Tax Rate (%)

Backup Data

Download all assets and settings as a JSON backup file.

Bulk Import — Excel / CSV

Download the template, fill it in Excel (save as CSV), then upload to add many assets at once. Existing assets are not affected.

Restore Data

Upload a JSON backup. Overwrites all existing data.

Depreciation Rates Reference (Schedule II / IT Rules)

Category	CA SLM %	CA WDV %	IT WDV %	Life (Yrs)	IT Block	Default

Clear All Data

Permanently delete all assets and settings. Cannot be undone. Take a backup first.