What disclosures are required to be made in respect of tangible fixed assets for ICDS-V?

Ans. The following disclosures are required to be made in Form 3CD in respect of tangible fixed assets:

(a) Description of asset or block of assets;

(b) Rate of depreciation;

(c) Actual cost or written down value, as the case may be;

(d) Additions or deductions made during the year, along with the dates.

In case of the addition of an asset, the date of put to use shall also be disclosed along with the following information:

• Input tax credit claimed and allowed under the GST Acts
• Gains or losses due to change in rate of exchange of currency
• Subsidy or grant or reimbursement, by whatever name called

(e) Depreciation allowable; and

(f) Written down value at the end of the year.​​