Q1: What file format is supported?
A: Only .csv files (CSV format) are supported.
Q2: What is the purpose of the Days column?
A: It helps determine half or full depreciation under the Income Tax Act.
Q3: Can I edit depreciation rates?
A: Rates are predefined. Custom rates not yet supported.
Q4: Why is the sale amount adjusted automatically?
A: Sale is capped to avoid negative base.
Q5: How do I print the schedule?
A: Use the "๐จ๏ธ Print Schedule" button after generating the report.
1. What is a depreciation schedule?
A depreciation schedule tracks the reduction in value of fixed assets over time.
2. Who should use this tool?
Company accountants, CAs, and business owners who need to calculate depreciation for tax/audit purposes.
3. Can I calculate depreciation under both Acts?
Yes! You can choose either Income Tax Act or Companies Act rates.
4. What type of file is needed?
A properly structured .csv file. Sample format is available for download.
5. Is my data stored?
No. Data is processed on server and not stored or shared.
6. More asset categories?
You can edit PHP code to add new asset categories and rates.
7. Can I print the schedule?
Yes. After generation, the Print button appears for easy output.