India FA TAX BOOK SET UP

Hello Experts,

    We are implementing India Tax books for the India corporate ledger. Corporate ledger is already is in use and now are implementing corresponding tax ledger. Client is using the application version R12.1.3.

   Corporate ledger has the accoutning calendar Jan -December and where as India tax book requires APR-Mar Fiscal calendar. I  am planning to define India tax book configurations as below : (Please correct me if my understanding is wrong)

  Ledger :  Same as Corporate Ledger

  Depreciation Calendar : Monthly ( April to March)

  Fiscal Year Name : India Fiscal Year ( 01-APR-12 to 31-MAR-13)

  Prorate Calendar : same as depreciation calendar

  Prorate Convention :  Do we need daily prorate convention or Half-Year prorate convention ??  As per IT act, if we use asset before 30th September the asset is eligible for full year depreciation and if the asset is put to use after 30th September, 50% of eligble amount can be calculated depreciation.  --