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Adherence of I.T additional dep.on Plant&machinery Requirement

Dear All

There is a requirement of availing additional depreciation of 20percent on Plant & Machinery as per Income tax Act,1961..

As per Income tax act, we can utilise the additional dep.20 percent only in the year of acquisition apart of normal asset block of 15percent.

We are facing a problem of how to cater this requirement in SAP.

I have done the following settings in system.

1) Created new separate asset class for group assets

2) Specify depreciation areas for group assets.

3) Specify asset classes for group assets

4) Configure depreciation keys for group assets.

I have already catered the requirement of before or after 180days group asset concept( Indian Income Tax) in system by using Standard SAP given settings.

Kindly advise me on catering the additional depreciation requirement.

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