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Bharat's Depreciation under Schedule II of Companies Act, 2013 & Income Tax Act, 2025 – 7th Edition 2026 is a detailed and practice-oriented reference book designed to help professionals understand and apply depreciation provisions under corporate law and direct tax law in India.

Published by Bharat Law House, this updated edition provides a comparative and analytical study of depreciation under Schedule II of the Companies Act, 2013 and the Income Tax Act, 2025.

The book explains asset classification, useful life, residual value, depreciation methods, block of assets, additional depreciation, and tax implications through practical examples and illustrations. It is particularly useful for professionals involved in financial reporting, tax computation, audit, corporate compliance, and capital asset accounting.

Comprehensive Coverage Includes:

Depreciation under Schedule II of the Companies Act, 2013

• Concept of Depreciation under Companies Act

• Useful Life of Assets

• Residual Value Determination

• Straight Line Method (SLM)

• Written Down Value Method (WDV)

• Asset Classification and Grouping

• Component Accounting

• Transitional Provisions

• Treatment of Additions and Disposals

• Disclosure Requirements in Financial Statements

Depreciation under the Income Tax Act, 2025

• Block of Assets Concept

• Depreciation Rates for Various Assets

• Eligibility Conditions for Depreciation

• Additional Depreciation Provisions

• Depreciation on Intangible Assets

• Depreciation on Buildings, Plant & Machinery

• Depreciation on Motor Vehicles and Computers

• Treatment of Asset Sales and Disposals

• Depreciation in Case of Business Reorganization

• Tax Computation and Compliance

Comparative Analysis

One of the most valuable features of this book is its comparative presentation of depreciation under Companies Act and Income Tax Act.

The book highlights:

Practical Illustrations and Examples

The publication includes numerous practical illustrations covering:

• Computation of depreciation under both laws

• Addition of new assets during the year

• Sale or disposal of assets

• Calculation of additional depreciation

• Depreciation on second-hand assets

• Treatment of assets used for less than 180 days

• Depreciation in amalgamation and demerger cases

• Impact on MAT and tax liability

Special Topics Covered

• Depreciation on Intangible Assets

• Goodwill and Intellectual Property

• Leased Assets

• Capital Work-in-Progress

• Assets Acquired under Government Grants

• Depreciation for Charitable Trusts

• Depreciation and Ind AS Implications

• Recent Amendments and Judicial Developments

Benefits of the Book

• Comprehensive guide to depreciation under both corporate and tax laws

• Updated as per Income Tax Act, 2025

• Covers Schedule II of Companies Act, 2013 in detail

• Practical illustrations and computations

• Useful for audit and tax compliance work

• Helps in preparation of financial statements

• Assists in accurate tax depreciation calculation

• Valuable reference for professional practice and corporate finance

Who Should Read This Book?

• Chartered Accountants (CAs)

• Company Secretaries (CS)

• Cost & Management Accountants (CMAs)

• Tax Consultants

• Statutory Auditors

• Internal Auditors

• Finance Managers

• Corporate Accounts Professionals

• Direct Tax Practitioners

• CA, CS & CMA Students

• Corporate Compliance Teams

• Business Owners and Entrepreneurs

Key Features

• Detailed coverage of Schedule II of Companies Act, 2013

• Updated for Income Tax Act, 2025

• Comparative analysis of book depreciation and tax depreciation

• Practical illustrations and case studies

• Covers additional depreciation and block of assets

• Useful for audit, taxation, and financial reporting

• Professional reference for corporate and tax practice

• Published by Bharat Law House

• 7th Edition 2026