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Aug 28, 2014 at 06:55 AM

Depreciation posting as per Income tax act in India


Dear Experts,

We are implementing SAP for an LLP organization in India and the following are the requirements

1. Depreciation to be posted as per income tax act. I know SAP can calculate depreciation as per Income tax act but i didnt find any thread which speaks of posting the depreciation to books of accounts. How to achieve this?

2. We have non leading ledgers as well with two currencies? what additional steps do i need to take care of as this is the first time i am handling this scenario?

Awaiting your help and appreciate your quick response.