MINISTRY OF FINANCE

Guidelines for Compilation of Schedule of Fixed Assets and Depreciation Rates

By TEAM CIRCULAR EXPRESS • 16 Apr 2026
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This circular provides updated instructions for the Employees' Provident Fund Organisation (EPFO) regarding the compilation of the Schedule of Fixed Assets. It outlines revised classifications for land, buildings, and equipment, effective from the 2025-26 financial year. The document details accounting procedures for asset capitalization, depreciation calculation using the Straight-Line Method, and the treatment of asset transfers between regions. It also includes a comprehensive depreciation rate chart aligned with the Companies Act, 2013. Offices are directed to reconcile their ledgers and fixed asset registers in accordance with these updated guidelines.

Regards, Circular Express

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Guidelines for Compilation of Schedule of Fixed Assets and Depreciation Rates

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