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Period control method in depreication calculation

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Dear all,

For a given tax depreication key we have maintained the period control IN1. Depreciation to the day setting is deactivated in depreciation key. Our requirement is system should calculate depreication based on the acquisition date. if the acquisition is in first six months then full depreciation, if the acquisition is in the next six months then no depreciation. Kindly suggest how this can be achieved by using which period control method

Regards

Priyadarshini

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Answers (1)

Answers (1)

Former Member
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Hi Priya,

I understand that you need the depreciation calculation for depreciation under the income tax act applicable in India. In ECC 6 the period control method IN1 is already providing the settings required for depreciation calculation as per the I . T . Act. Also please note that as per the said act, full depreciation is to be charged in the asset is used for more than 180 days in the year of acquisition and if not then depreciation is to be charged at 1/2 of the normal rate. We have used the said period control to achieve the same.

Would suggest create a dep area for income tax depreciation and test the standard period controls of IN1.

Take care..

Regards,

KJU

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Kindly suggest us what are the steps to be followed in 4.7 version.

Regards

Priyadarshini