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Former Member
Mar 09, 2009 at 11:55 AM

Depreciation calculation for Indian Tax Depreciation Area

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Can any one of you kindly advice how to setup the Multi levels methods and Period controls for Tax Depreciation key in Indian Tax Depreciation area.

My Leading ledger Fiscal year: Jan u2013 Dec (Year dependend)

And Non-leading ledger (India) Fiscal year: April u2013 March (Year dependend)

I was able to post correct depreciation for leading and non-leading ledger Depreciation areas with a stated percentage. But the calculation of Tax depreciation area is incorrect.

As per client requirement, Tax depreciation area is setup only reporting purpose and no Depreciation posting.

Required Depreciation Calculation for Tax Depreciation Area:

For Acquires & Additions,

Rule1:

If it is >=180 days (as per Non-leading ledger Fiscal year) the system should calculate depreciation as stated percentage. Eg: 10%

Rule2:

If it is <180 days (as per Non-leading ledger Fiscal year) the system should calculate depreciation of 50% on stated percentage. Eg: Stated percentage is 10%, then it should be 5%.

Early responses will be appreciated.

Thanks much for the help.

Regards,

JBC