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Former Member
Apr 13, 2014 at 05:24 PM

INDIAN Income tax Depreciation Configuration

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Hi folks,

Past one week I have read almost all SCN threads on configuartion of assets for indian income tax but still not able to locate a solutionfor same.

Issue: Say yearly income tax depreciation : 10%

If Asset uses 180 days and greater tax rate = 10%

If asset uses less than 180 days in fiscal year depriciation rate =half of yearly rate =5%.

WDV needs to be used , we have ECC 6.0 and have not activated FIN_LOC_CI_8 as described in OSS notes.