on 09-08-2008 11:24 AM
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.
solved
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Hi,
For calculating dep as per IT act you will have to define one more Depreciation area. Then assign Dep keys to asset classes in the new dep area so created.
To view the assets run report AR01 & AR02 on thebasis of the new depreciation area.
Hope this solves your quey.
Saurabh
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