Depreciation calculations

hardik_shah
hardik_shah Member Posts: 219
edited 2012-10-30 in NAV/Navision Classic Client
Dear All,

Need Help

how to calculate Depreciation as per company Act and Income Tax Act.

Where i have to feed % for the same ? ? ? ?

Comments

  • ssingla
    ssingla Member Posts: 2,973
    I am sure it will lead to another question but I will still answer.
    Company Law : FA Depreciation Book Subform. As the form name suggest, it is a subform on the Form "Fixed Asset".
    Income Tax : FA Blocks. Microsoft India forget to attach this form in setup folder, so either you manually add or lookup from field "FA Block Code" from Fixed Asset card.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • hardik_shah
    hardik_shah Member Posts: 219
    Sir Thanks for your swift reply..

    I think i got what you mean to say BUT i m not sure....

    you mean to say is for Income tax Depreciation It will use % from Block code and
    for Company Depreciation it will use % from FA Subform.
  • ssingla
    ssingla Member Posts: 2,973
    Correct.

    There was a feature instruction manual released in Version 4.0 SP3 hotfixes. Try to get that.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • lavanyaballurgi
    lavanyaballurgi Member Posts: 235
    So is it illegal to use FA Block's "Depreciation %" for Company Depr book?
    my client want "straight-Line %" to be directly copy from FA Block table's "Depreciation %" as soon as FA Block is chosen in FIXED ASSET card.

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