Fixed Asset Register
Fixed Asset Register & Dual Depreciation Software
Maintain fixed asset registers and automatically compute dual depreciation schedules for Companies Act 2013 and Income Tax Act 1961 completely offline.
Output View: Fixed Asset RegisterOffline Desktop Result
Fixed Asset Register & Dual Depreciation Output
THE AUDIT BOTTLENECK
Traditional Manual Process & Exposure
Maintaining separate Excel sheets for Companies Act useful-life depreciation and Income Tax Act block of assets depreciation leads to formula mismatches and balance sheet errors.
Manual Excel Friction Steps:
- ✕Setting up manual WDV / SLM formulas in Excel
- ✕Calculating 180-day add-back depreciation rules for tax returns manually
- ✕Grouping assets manually under Schedule III tangible and intangible categories
HOW CACONTROL AUTOMATES IT
Rule-Based Desktop Precision
CAControl calculates side-by-side Companies Act 2013 and IT Act 1961 depreciation schedules, applying 180-day addition rules and Schedule III grouping automatically.
Key Benefits & Safeguards:
- Computes SLM & WDV useful life depreciation under Companies Act 2013
- Generates Income Tax Act Block of Assets Schedule (Form 3CD Clause 18)
- Prepares Schedule III Financial Statement presentation schedules
Topic FAQs: Fixed Asset Register & Dual Depreciation Software
Clear statutory guidance and technical implementation details.
Yes. It checks purchase/put-to-use dates against the 180-day boundary and applies 50% statutory depreciation for IT Act block schedules.