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Former Member

Tax depreciation - Assets

Hi Gurus,

I have done the Asset acccounting configuration as per company act. & depreciation run properly. but My client also required the balance sheet as per the Income tax act ( Calculate Asset - Tax Depreciation ) ? can any body provide me the configuration steps for calculation tax depreciation?

also want to know how to see the report of Tax depreciation?

Pls help me to work out on Asset tax depreciation.

Than'x

Dhananjay R.

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4 Answers

  • Sep 08, 2008 at 10:28 AM

    Hi

    Create a new Dep Area for Tax and do all assignments as done in Book Dep Area such as posting rules, account assignments etc,

    Cheers

    Srinivas

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    • Former Member Former Member

      Hi Padmaja

      I have a question on teh tax depreciation for assets.

      Can we just create a new deprn are and start calculating values for each individual assets.

      Do we need to create group assets, Cant we just do tax deprn with individual assets?

      Our situation is that,

      we dont have the deprn area 15 as of now and the new requirement is that we need to start calculating tax deprn for the existing assets.

      So if I just activate area 15 and start adding values for each individual asset like useful period, deprn start date etc, will the system start calculating tax values, I mean is this a good way of doing this in SAP for tax deprn?

      please let me know your advise.

      Thanks in advance

      Sharath

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    Former Member
    Sep 13, 2008 at 11:50 AM

    Dear all,

    my client want to sell the assets which is having nill book value as on today date. but they want to sell that assets. how is the posting entires in f-92. pl clarify this.

    girija

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    • Former Member

      You should start a new thread with your question. It has nothing to do with the previous question.

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    Former Member
    Dec 09, 2008 at 05:58 AM

    Hi All,

    Tax Depreciation on Assets for India, does not comply with all the requirements (business scenarios) and hence the same has been withdrawn by SAP itself.

    Please go through the following note.

    Note 738919 - IT Depreciation for Assets

    Balaji

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    Former Member
    Sep 24, 2009 at 11:49 AM

    solved

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