In asset accounting, we have option of calculating tax depreciation as well, could any body please let me know how to configure the condition of more than 180 days in SAP (as applicable in India).
In india , depreciation as per income tax is to be calculated based on the acquisition date, that is if asset is acquired and put to use for more than 180 days than full year depreciation is to be levied otherwise, depreciation for half year is calculated or rate of depreciation is reduced by 50%.
for e.g. 1) asset is acquired on 15.07.2006, in this case full year depreacition for the period 01.04.2006-31.03.2007 shall be levied
2) asset acquired on 15.10.2006, as in this case asset has not completed 180 days in current financial year, depreciation for half year is calculated ( or rate of depreciation is reduced by 50%).
Please let me know how this can be configured in SAP.
Regards,
Jyoti