SAP FICO Implementation of Depreciation For Income Tax Reporting

1.1       Income Tax Depreciation for India

Use

The system settings and entries you make in this section are special required for the income tax depreciation for India.

1.1.1   Activate Country-Specific Data

Use

To use the income tax depreciation function you have to activate the related settings for India first.

Procedure

1.       Access the activity using one of the following navigation options:

Transaction code	SPRO
IMG menu	Financial Accounting (new) ® Asset Accounting ® Master Data ® Screen Layout ® Activate Country-Specific Data

2.       On the Determine Work Area: Entry  pop-up screen, enter IN for the Country Key and choose Continue.

3.       On the Change View “Activate Country –Specific Fields”: Overview screen, choose New Entries and make the following entries:

Field Name	Description	User Actions and Values	Note
Active		select
Table Name		GLO_S_IN_DEPCAL_TI

4.       Choose Enter and save your entries.

1.1.2   Maintain Tax Depreciation Area

Use

This activity is to define depreciation area to be used as Tax Depreciation Area for Code.

Procedure

1.       Access the activity using one of the following navigation options:

Transaction code	SPRO
IMG menu	Financial Accounting (new) ® Asset Accounting ® Information System ® Country-Specific Functions ® India ® Depreciation Calculation ® Maintain Tax Depreciation Area

2.       On the Change View “Maintain Depreciation Area”: Overview screen, choose New Entries and make the following entries:

Field Name	Description	User Actions and Values	Note
Chart of Dep.		1000
Dep. Area		15

3.       Save your entries.

1.1.3   Assign Transaction Types to Transaction Types Group

Use

This activity is to assign transaction types to transaction types.

Procedure

1.       Access the activity using one of the following navigation options:

Transaction code	SPRO
IMG menu	Financial Accounting (new) ® Asset Accounting ® Information System ® Country-Specific Functions ® India ® Depreciation Calculation ® Assign Transaction Types to Transaction Types Group

2.       On the Change View “Assign Trans. Types to Trans. Type Group”: Overview screen, choose New Entries and make the following entries:

Transact. Type	Transact. Type Group
100	Acquisition
105	Credit Memo
110	Acquisition
150	Acquisition
200	Retirement
250	Retirement
260	Retirement
320	Transfer Out
330	Transfer In
346	Investment Support
400	Acquisition
I01	Investment Support
I02	Investment Support

3.       Save your entries.

1.1.4   Maintain Asset Block Details

Use

This activity is to define Blocks (Additional depreciation Blocks).

Procedure

1.       Access the activity using one of the following navigation options:

Transaction code	SPRO
IMG menu	Financial Accounting (new) ® Asset Accounting ® Master Data ® Country-Specific Functions ® India ® Maintain Asset Block Details

2.       On the Change View “Maintain Asset Block details”: Overview screen, choose New Entries and make the following entries:

Company code	Block key	Start date	End date	Dep %	Additional dep.	Put to use
1000	1001	20090401	99990331	10		X
1000	1002	20090401	99990331	5	X	X
1000	1003	20090401	99990331	5		X
1000	1004	20090401	99990331	14
1000	11222	20090401	99990331	13.5
1000	11333	20090401	99990331	14
1000	50000	20090401	99990331	5		X
1000	51000	20090401	99990331	10		X
1000	51592	20090401	99990331	10
1000	61616	20090401	99990331	10

3.       Save your entries.

1.1.5   Assign block to asset master data

Use

This activity is to assign block number to existing asset master data.

Procedure

1.       Access the activity using one of the following navigation options:

Transaction code	AS02
SAP Easy Menu	Accounting ® Financial Accounting ® Fixed Assets ® Asset ® Change

2.       Assign the block number to asset master data referring the following details:

Asset	Block key
40000001	1001
40000002	61616
40000003	61616
42000002	51592
42000003	1001
42000004	1001
42000005	51592
42000006	51592
50000001	51592
50000001	51592

3.       Save your entries.

In above way SAP FI-AA Implementation of Asset depreciation for income tax purpose in India is done 

Thanks In Regards

N.Aravind

My Next Post will be on FS00 field descrtiption