180 days depreciation as per IT act

Hi,
I want to post 180 days depreciation ( Ours FSV is AP to Mar, if i acquire asset from Apr to Sep it should calculate full year depreciation and if i purchase after, it should calculate depreciation for 180 days as per IT Act, for that i've made setting in Period control, i've taken IN1 in period control, but when i create group asset and if i select the IT depreciation key, system is throwing error message, "E003 SYST: Period 000 is not valid in financial year variant", if please suggest me the possible errors behind it.
Regards,
Sudheer

Hi Sudheer,
This 180 days calculation can be done for Income tax depreciation if you provide the below details in the income tax related depreciation key
Base method: IND1
Declining Balance method: I01 to .... (whatever is available in F4 option based on rates you select)
Period control: IN1
Multi level method: M1 to M9 as provided by standard SAP
Class: 2 Declining balance depreciation
Change method: No automatic changeover
Multiple shift: 2 no effect on depreciation and useful life
Scrap value: 3 cut off value is ignored
shutdown: No
If you follow the above details in the depreciation key, then you will get that 180 days calculation. ie., from 1st april to 30th september if you capitalise any asset, your system will calculate full depreciation and from 1st october to 31st march if you capitalise any asset, you system will calculate 180 days depreciation.
Hope this helps. Assign points if useful
Regards
Dwarak

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Hi Sudheer,
This 180 days calculation can be done for Income tax depreciation if you provide the below details in the income tax related depreciation key
Base method: IND1
Declining Balance method: I01 to .... (whatever is available in F4 option based on rates you select)
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shutdown: No
If you follow the above details in the depreciation key, then you will get that 180 days calculation. ie., from 1st april to 30th september if you capitalise any asset, your system will calculate full depreciation and from 1st october to 31st march if you capitalise any asset, you system will calculate 180 days depreciation.
Hope this helps. Assign points if useful
Regards
Dwarak

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I would like to calculate the depreciation exactly for >=180 days and <180 days. What all settings I have to do to get the exact days for calculation.
I have made the settings but its taking April to September for more than 180 days and October to March for less than 180 days.
I have to calculate it for till 3rd October as cut off for 180 days.
Thanks and Regards,
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Please refer the below
http://scn.sap.com/thread/3420139
http://scn.sap.com/thread/2149582
http://scn.sap.com/thread/718175

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As per my knowledge depreciation as per companys act only will depreciate as per the shift system(01 depr.area), As per Income Tax Act depreciation based on the lessthan 180 days or more than 180days in the fiscal year.
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180 days depreciation as per IT act

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