Asset Block as per Income Tax Act (India)
Hello Team,
We are in JD Edwards 9.2 version. Our requirement is to implement Fixed Asset for India localization and to setup block wise in FA master which will comply as per Indian Income Tax Act.
Could you please help us if there is any reference guide or how we can accommodate asset block concept which is based on percentage and not specific to asset. Because currency we see a challenge to setup w.r.t Asset Depreciation Default coding if multiple ledger types are setup along with to comply for Indian Income Tax Act.
Thanks!