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
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.