Year-End Income Tax Depreciation Report (SAP Library

Year-End Income Tax Depreciation Report

Use

You use this report to calculate the depreciation on your assets and any capital gains or losses according to the Income Tax Act.

To access the report, from the SAP Easy Access screen, choose Accounting ® Financial Accounting ® Fixed Assets ® Information System ® Reports on Asset Accounting ® Taxes ® Country Specifics ® India ® Year-End IT Depreciation Report.

Prerequisites

You can use the Customizing settings delivered by SAP in order to configure Asset Accounting (FI-AA) with respect to the income tax depreciation area and so that the report works correctly. For more information about what settings to make, see the Release Note structure under FI ® Release Notes from Country Version India Add-On ® Customizing Settings for Income Tax Act.

Features

Selection

Enter the asset numbers of your group assets and other selection data as required.

Output

The system:

Calculates the depreciation on each asset block

Calculates any capital gains or losses

If you deselect Test Run, the system also:

Posts the depreciation to the income tax depreciation area
Stores the capital gains amounts from the report in a table for your future reference.