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
An append-only, non-disableable 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 — data residency & retention
India-region primary hosting by default, with financial records and the audit trail retained for a minimum of eight years and legal-hold support.
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 an immutable, 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.
- Is our data hosted in India?
- Yes, by default. AssetIQ's primary hosting is in an India region to satisfy Companies Act §128, and enterprise tenants that contractually require it can request dedicated data isolation.