This guide is in English for now. The tool itself works in your language.
Nivesh Sahayak App › Help › Accounts and final accounts
Fixed assets and depreciation
Machines, computers, furniture, vehicles and buildings your business uses for years are fixed assets. The register works out depreciation year by year; you post it to the accounts with one tap.
Step by step
- Open Fixed assets. Menu › Fixed assets › Add fixed asset.
- Describe the asset. Asset name, Kind of asset (for example Computer, laptop, printer), Put to use on.
- Cost. Cost (without GST): price, freight and installation, without the GST you claim back. Fill the GST on the bill and tick GST claimed as input tax credit if you claim it.
- How it was paid. Paid by, or Not paid yet (on credit); supplier and bill number.
- Depreciation method. Written down value (WDV) or Straight line (SLM), Useful life (years) (Schedule II life is filled in), Residual value (% of cost) and the Income-tax block rate (%).
- Post depreciation. At the year end press Post depreciation for FY …: a journal entry debits Depreciation and lowers each asset.
Worked example
A laptop bought for ₹60,000 + GST on 10 June 2026, put to use the same day, income-tax block rate 40%. Income-tax depreciation for 2026-27 = ₹60,000 × 40% = ₹24,000 (used more than 180 days in the year). Under Schedule II (3-year life, 5% residual, SLM) book depreciation is about ₹15,000 for the part of the year it was used.
Rules and dates
Book depreciation follows the Companies Act, 2013, Schedule II (useful lives such as computers 3 years, furniture 10 years, plant and machinery 15 years, cars 8 years). Income-tax depreciation is worked out per block of assets at the block rate, half the rate for an asset used less than 180 days in the year of purchase.
Common mistakes and how to fix them
- A fixed asset entered as a purchase bill or expense. Delete that entry and add it here; otherwise profit is understated.
- Posting depreciation twice. Post once per year; the App shows if it was already posted.