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tax depre area

Former Member
0 Kudos

Hi,

Seniors,

plz any one explain the all the steps for ,

How to configure

TAX DEPRECIATION AREA,

Thanks in advance

bye

Accepted Solutions (0)

Answers (1)

Answers (1)

srinivasavepa
Active Participant
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Swathi,

When a standard chart of depreciaiton is copied, the tax depreciation is also copied.

What about book depreciation area? Is it already existing and now you need to add tax depreciation area? For which country , you need the tax depreciation area?

Try to give the important details, so that it helps others to understand the problem correctly and offer the right solution.

Srinivasa Vepa

Former Member
0 Kudos

HI,

Srinivasa Vepa,

my doubt is suppose if we want to maintain Book, and Tax Depreciation for Indian IT Act,

what r the configuration steps we have to do ,

plz explain all steps for Tax Depreciation Area

bye

Thank you

srinivasavepa
Active Participant
0 Kudos

Please copy the Indian Chart of Depreciation.

I can not give step by step details here, as I do not have India version.

You need to define group assets to take care of the tax depreciation.

Please explore the asset accounting configuration and the standard settings should take care of your requirements mostly.

Former Member
0 Kudos

Hi,

Vepa,

my doubt is do we need to give G/L Accounts in AO90 for tax dep

area or not.

if yes can we use the same GL a/c's what we used for Book Depreciation

or we have to give new GL A/c's for tax dep area,

plz give me reply

srinivasavepa
Active Participant
0 Kudos

Normally, tax depreciation is not posted to books of accounts. So, you need to assign the accounts in AO90.

srinivasavepa
Active Participant
0 Kudos

sorry, you need not assign the accounts.