Depreciation Schedule
Build a fixed asset register once, and get a Companies Act Schedule III note and an Income Tax Act block statement side by side - built for CA and CMA students.
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Fixed Asset Register
Add one row per asset. Click "More" on a row for extra fields (custom life/rate, extra shift, additional depreciation, opening balances, disposal). One method (SLM or WDV) applies to the whole register for the Companies Act view.
| Description | Asset Type | Cost | Date Put to Use | Residual % |
|---|
Paste rows copied from Excel (tab-separated) or CSV, matching the column order: Description, Asset Type Key, Cost, Date Put to Use (YYYY-MM-DD), Residual %, Opening Acc Dep Date, Opening Acc Dep, Shift (1 / 1.5 / 2), Additional Dep Eligible (Y/N), Disposal Date, Disposal Sale Value.
Companies Act Depreciation Note
Reporting period: -
| Description | Gross Block | Depreciation | Net Block | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Opening | Additions | Disposals | Closing | Opening | For the Year | On Disposal | Closing | Closing | Opening (Prev Yr) | |
Income Tax Block Opening WDV
For each block below that includes assets acquired before the reporting year, enter its Opening WDV as at the start of the year - assets dated within the reporting year are added automatically as this year's additions.
| Block | Opening WDV |
|---|
Income Tax Block Statement
Reporting year: -
| Block | Rate | Opening WDV | Additions (Full Rate) | Additions (Half Rate) | Sale Proceeds | Depreciation | Closing WDV |
|---|
How This Schedule Is Built
This tool treats the Companies Act and Income Tax Act as genuinely separate computations, not two views of the same number - which is exactly how they work in practice. The Companies Act side tracks each asset individually from its own put-to-use date. The Income Tax side pools assets of the same rate into a single block and rolls the whole block forward one year at a time from an opening balance, the way the block-of-assets mechanism actually operates.
What isn't covered in this version
Component accounting (separately depreciating a significant part of an asset with its own useful life), intangible assets amortisation schedules, right-of-use assets, and revaluation or impairment are all out of scope for now. Extra-shift depreciation is applied across an asset's whole holding period rather than tracked day-by-day between shift levels.