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Fixed Asset Income Tax Depreciation_ India

in Ask A Guru 3 comments

We are a project-based company in the minerals sector with diversified business interests, currently migrating from a legacy ERP to Oracle NetSuite. While NetSuite was recommended by our ERP consultants after requirement analysis, we are now being advised that multiple requirements may need customization.

I am looking for expert clarification from the NetSuite community on some fundamental standard capabilities of NetSuite to help us make informed decisions

📢1.7]Can we have a fixed asset register maintained with an alternative depreciation – not hitting the books – as per the Indian Income tax law

We request you to indicate clearly for each of the above whether the functionality is:

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