Compliance isn't a module. It's the architecture.
AssetIQ is finance-first and India-compliance-native from the ground up — every one of the following requirements is built into the platform, not bolted on after the fact.
Companies Act, 2013 — Schedule II depreciation
Useful-life-based depreciation across asset classes and blocks, computed automatically for every legal entity's financial books — with component accounting for parts that need a separate useful life.
Glossary definition →Income Tax Act, 1961 — §32 block of assets
Written-down-value depreciation by block of assets, including the 180-day put-to-use rule, computed in parallel with your Schedule II books so tax and financial reporting never drift apart.
Glossary definition →Companies (Accounts) Rules, Rule 3 — audit trail mandate
A tamper-evident, hash-chained audit trail for every create, update, state transition, approval, and posting — human or agent — in force since 1 April 2023. No application path or admin permission can turn it off.
Glossary definition →CARO (Companies Auditor's Report Order)
Physical verification campaigns, discrepancy reconciliation, and evidence packs structured around what a statutory auditor needs to sign off on the fixed-asset schedule.
Glossary definition →GST — inter-GSTIN asset transfers
Inter-branch transfers of assets across GST registrations are a taxable supply. AssetIQ detects the transfer, values it correctly, and stages the tax invoice and e-way bill for a human to file.
Glossary definition →Companies Act §128 — hosting & record keeping
Hosted on enterprise cloud infrastructure; data-residency options on request. Financial records and the audit trail stay in your tenant — talk to us about the retention period your statutory obligations require.
Who this is built for
The CFO's office owns the register and approves policy. The statutory auditor reads evidence and asks natural-language questions with a grounded answer every time. The fixed asset accountant runs the day-to-day register, depreciation, and capitalization work. Every one of them looks at the same audit trail.
Frequently asked questions
- Does AssetIQ handle both Schedule II and Income Tax Act depreciation?
- Yes, natively and in parallel. Most fixed-asset tools compute one depreciation view; AssetIQ's Depreciation & Compliance Agent runs both the Companies Act Schedule II book and the Income Tax Act §32 block-of-assets book — including the 180-day rule — for every asset and every legal entity.
- How does AssetIQ support the audit-trail rule that took effect in 2023?
- The audit trail is a platform primitive, not a feature: every state-changing action, whether performed by a human or an AI agent, writes a tamper-evident, hash-chained AuditEvent capturing the actor, before/after values, timestamp, and source. There is no application path or tenant permission that can disable or edit it.
- What happens when an asset is transferred between our branches?
- If the transfer crosses a GSTIN boundary, it's a taxable supply under GST law. AssetIQ's GST/Transfer Agent detects the transfer automatically, computes its valuation, and drafts the tax invoice and e-way bill — a human still files with the GST portal and generates the live e-way bill.
- Where is our data hosted?
- AssetIQ is hosted on enterprise cloud infrastructure; data-residency options on request. If your organization has a specific residency or contractual requirement, talk to us before onboarding so we can confirm what we can support.