Fixed asset register in your browser: Companies Act 2013 Schedule II and Income-tax depreciation side by side, with deferred tax. Free, nothing uploaded.

The 2014-vintage Excel depreciation file, finally replaced — both Acts computed from one asset list, printed audit-ready.

The page used to open on nearly two hundred boxes — every setting and every cell of every asset row — before it told you anything. It now opens on five fields and a sentence telling you, in plain words, what your assets come to on the books, what the year's depreciation is, and which way the deferred tax falls — before a single table.

AI tools for chartered accountants · income tax tools

AI tools for chartered accountants

Schedule II Depreciation & Fixed Asset Register

by CA Karan Gupta

The 2014-vintage Excel depreciation file, finally replaced — both Acts computed from one asset list, printed audit-ready.

Last statutory update: 26 Sept 2026 — The page used to open on nearly two hundred boxes — every setting and every cell of every asset row — before it told you anything. It now opens on five fields and a sentence telling you, in plain words, what your assets come to on the books, what the year's depreciation is, and which way the deferred tax falls — before a single table.

Read the note: Depreciation for FY 2026-27: one asset list, two schedules, and the gap between them

Statutory context

Schedule II Part C useful lives with NESD flags, SLM/WDV, residual-value flooring, extra-shift 50%/100%. Income-tax block of assets is cited as section 33 of the Income-tax Act, 2025 (secondary sources disagree on numbering). Pre-01.04.2014 assets are flagged for an opening-WDV override. Confirm against the bare Act before publishing a signed schedule.

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The workspace opens on tools.cakarangupta.com so site login and browser storage stay isolated. Print and local downloads work in the tool itself.

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