Financials for India - EBS (MOSC)

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Block of Assets conversion

edited Jul 18, 2012 4:25AM in Financials for India - EBS (MOSC) 4 commentsAnswered
 Hello,
We have to do conversion assets as of 01-Apr-12. Block of assets have opening balances as Mar 31, 2012. How do we handle this?

We have 600 assets for migration the first date placed in service will be in 2005. If i have to load year wise our 600 doesn't include additions in previous years and retirement or sale of assets done later. As we removed those asset from our load and we are taking only active assets. How will this impact income tax reporting? Can't we just load the balances and assets to not get updated the total?

For example:

Date Details Income Tax Block of Asset working

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