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.