Schedule DEP – Depreciation on other assets (Other than assets on which full capital expenditure is allowable as deduction) AY 2026-27
‘Schedule DEP’ in the Income Tax Return (ITR) form captures a consolidated summary of the depreciation claimed on various assets for the relevant financial year, other than assets where the full capital expenditure is already allowed as a deduction under any other provision. This schedule reports depreciation on different classes of assets, grouped under broad heads like plant and machinery, buildings, furniture and fittings, intangible assets, and ships.
This schedule is not editable as the figures are auto-populated with the relevant schedules DPM (for plant and machinery) and DOA (for other assets).
- Section 32of the Income-tax Act, 1961
- Rule 5of the Income-tax Rules, 1962
A business entity can claim depreciation in respect of tangible and intangible assets, not being goodwill, as per block of asset method using written down value method. However, for an entity engaged in generation or distribution of power, there is an option to calculate depreciation as per written down value method or as per the straight line method. Depreciation shall be calculated as per the prescribed rates. The WDV of any block of asset is adjusted with the actual cost of asset acquired during the previous year and sale proceeds realised from sale of asset during that year.
This schedule applies to ITR-3, ITR-5 and ITR-6