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Daywise Tax Depreciation Calculation in TRCS

edited Dec 20, 2020 2:11PM in Tax Reporting (Direct Tax) 2 comments

Content

Hi,

We have a requirement to calculate day-wise tax depreciation. 

E.g. If an asset is purchased on 1st day of the May month then tax depreciation should be from May till Dec month i.e. 245 days. If an asset is purchased on 15th day of the month then tax depreciation should be for 231 days (15th May till 31st Dec)

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