feat(india): reduced rate of depreciation as per IT Act (#25648)
* feat(india): reduced rate of depreciation as per IT Act * refactor: check date difference instead of month difference * feat: add test for regional feature
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Saqib
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9226cd3932
@ -195,8 +195,7 @@ class Asset(AccountsController):
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# If depreciation is already completed (for double declining balance)
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if skip_row: continue
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depreciation_amount = self.get_depreciation_amount(value_after_depreciation,
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d.total_number_of_depreciations, d)
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depreciation_amount = get_depreciation_amount(self, value_after_depreciation, d)
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if not has_pro_rata or n < cint(number_of_pending_depreciations) - 1:
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schedule_date = add_months(d.depreciation_start_date,
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@ -208,7 +207,7 @@ class Asset(AccountsController):
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# For first row
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if has_pro_rata and n==0:
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depreciation_amount, days, months = get_pro_rata_amt(d, depreciation_amount,
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depreciation_amount, days, months = self.get_pro_rata_amt(d, depreciation_amount,
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self.available_for_use_date, d.depreciation_start_date)
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# For first depr schedule date will be the start date
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@ -220,7 +219,7 @@ class Asset(AccountsController):
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to_date = add_months(self.available_for_use_date,
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n * cint(d.frequency_of_depreciation))
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depreciation_amount, days, months = get_pro_rata_amt(d,
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depreciation_amount, days, months = self.get_pro_rata_amt(d,
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depreciation_amount, schedule_date, to_date)
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monthly_schedule_date = add_months(schedule_date, 1)
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@ -365,24 +364,6 @@ class Asset(AccountsController):
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def get_value_after_depreciation(self, idx):
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return flt(self.get('finance_books')[cint(idx)-1].value_after_depreciation)
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def get_depreciation_amount(self, depreciable_value, total_number_of_depreciations, row):
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precision = self.precision("gross_purchase_amount")
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if row.depreciation_method in ("Straight Line", "Manual"):
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depreciation_left = (cint(row.total_number_of_depreciations) - cint(self.number_of_depreciations_booked))
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if not depreciation_left:
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frappe.msgprint(_("All the depreciations has been booked"))
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depreciation_amount = flt(row.expected_value_after_useful_life)
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return depreciation_amount
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depreciation_amount = (flt(row.value_after_depreciation) -
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flt(row.expected_value_after_useful_life)) / depreciation_left
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else:
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depreciation_amount = flt(depreciable_value * (flt(row.rate_of_depreciation) / 100), precision)
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return depreciation_amount
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def validate_expected_value_after_useful_life(self):
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for row in self.get('finance_books'):
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accumulated_depreciation_after_full_schedule = [d.accumulated_depreciation_amount
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@ -575,6 +556,13 @@ class Asset(AccountsController):
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return 100 * (1 - flt(depreciation_rate, float_precision))
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def get_pro_rata_amt(self, row, depreciation_amount, from_date, to_date):
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days = date_diff(to_date, from_date)
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months = month_diff(to_date, from_date)
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total_days = get_total_days(to_date, row.frequency_of_depreciation)
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return (depreciation_amount * flt(days)) / flt(total_days), days, months
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def update_maintenance_status():
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assets = frappe.get_all(
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"Asset", filters={"docstatus": 1, "maintenance_required": 1}
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@ -758,15 +746,20 @@ def make_asset_movement(assets, purpose=None):
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def is_cwip_accounting_enabled(asset_category):
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return cint(frappe.db.get_value("Asset Category", asset_category, "enable_cwip_accounting"))
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def get_pro_rata_amt(row, depreciation_amount, from_date, to_date):
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days = date_diff(to_date, from_date)
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months = month_diff(to_date, from_date)
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total_days = get_total_days(to_date, row.frequency_of_depreciation)
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return (depreciation_amount * flt(days)) / flt(total_days), days, months
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def get_total_days(date, frequency):
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period_start_date = add_months(date,
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cint(frequency) * -1)
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return date_diff(date, period_start_date)
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@erpnext.allow_regional
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def get_depreciation_amount(asset, depreciable_value, row):
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depreciation_left = flt(row.total_number_of_depreciations) - flt(asset.number_of_depreciations_booked)
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if row.depreciation_method in ("Straight Line", "Manual"):
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depreciation_amount = (flt(row.value_after_depreciation) -
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flt(row.expected_value_after_useful_life)) / depreciation_left
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else:
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depreciation_amount = flt(depreciable_value * (flt(row.rate_of_depreciation) / 100))
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return depreciation_amount
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@ -635,6 +635,45 @@ class TestAsset(unittest.TestCase):
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frappe.db.set_value("Asset Category Account", name, "capital_work_in_progress_account", cwip_acc)
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frappe.db.get_value("Company", "_Test Company", "capital_work_in_progress_account", cwip_acc)
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def test_discounted_wdv_depreciation_rate_for_indian_region(self):
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# set indian company
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company_flag = frappe.flags.company
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frappe.flags.company = "_Test Company"
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pr = make_purchase_receipt(item_code="Macbook Pro",
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qty=1, rate=8000.0, location="Test Location")
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asset_name = frappe.db.get_value("Asset", {"purchase_receipt": pr.name}, 'name')
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asset = frappe.get_doc('Asset', asset_name)
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asset.calculate_depreciation = 1
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asset.available_for_use_date = '2030-06-12'
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asset.purchase_date = '2030-01-01'
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asset.append("finance_books", {
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"expected_value_after_useful_life": 1000,
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"depreciation_method": "Written Down Value",
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"total_number_of_depreciations": 3,
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"frequency_of_depreciation": 12,
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"depreciation_start_date": "2030-12-31"
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})
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asset.save(ignore_permissions=True)
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self.assertEqual(asset.finance_books[0].rate_of_depreciation, 50.0)
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expected_schedules = [
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["2030-12-31", 1106.85, 1106.85],
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["2031-12-31", 3446.58, 4553.43],
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["2032-12-31", 1723.29, 6276.72],
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["2033-06-12", 723.28, 7000.00]
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]
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schedules = [[cstr(d.schedule_date), flt(d.depreciation_amount, 2), flt(d.accumulated_depreciation_amount, 2)]
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for d in asset.get("schedules")]
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self.assertEqual(schedules, expected_schedules)
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# reset indian company
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frappe.flags.company = company_flag
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def create_asset_data():
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if not frappe.db.exists("Asset Category", "Computers"):
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create_asset_category()
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@ -426,7 +426,8 @@ regional_overrides = {
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'erpnext.hr.utils.calculate_annual_eligible_hra_exemption': 'erpnext.regional.india.utils.calculate_annual_eligible_hra_exemption',
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'erpnext.hr.utils.calculate_hra_exemption_for_period': 'erpnext.regional.india.utils.calculate_hra_exemption_for_period',
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'erpnext.accounts.doctype.purchase_invoice.purchase_invoice.make_regional_gl_entries': 'erpnext.regional.india.utils.make_regional_gl_entries',
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'erpnext.controllers.accounts_controller.validate_einvoice_fields': 'erpnext.regional.india.e_invoice.utils.validate_einvoice_fields'
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'erpnext.controllers.accounts_controller.validate_einvoice_fields': 'erpnext.regional.india.e_invoice.utils.validate_einvoice_fields',
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'erpnext.assets.doctype.asset.asset.get_depreciation_amount': 'erpnext.regional.india.utils.get_depreciation_amount'
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},
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'United Arab Emirates': {
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'erpnext.controllers.taxes_and_totals.update_itemised_tax_data': 'erpnext.regional.united_arab_emirates.utils.update_itemised_tax_data',
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@ -879,3 +879,24 @@ def update_taxable_values(doc, method):
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if total_charges != additional_taxes:
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diff = additional_taxes - total_charges
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doc.get('items')[item_count - 1].taxable_value += diff
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def get_depreciation_amount(asset, depreciable_value, row):
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depreciation_left = flt(row.total_number_of_depreciations) - flt(asset.number_of_depreciations_booked)
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if row.depreciation_method in ("Straight Line", "Manual"):
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depreciation_amount = (flt(row.value_after_depreciation) -
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flt(row.expected_value_after_useful_life)) / depreciation_left
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else:
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rate_of_depreciation = row.rate_of_depreciation
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# if its the first depreciation
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if depreciable_value == asset.gross_purchase_amount:
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# as per IT act, if the asset is purchased in the 2nd half of fiscal year, then rate is divided by 2
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diff = date_diff(asset.available_for_use_date, row.depreciation_start_date)
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if diff <= 180:
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rate_of_depreciation = rate_of_depreciation / 2
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frappe.msgprint(
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_('As per IT Act, the rate of depreciation for the first depreciation entry is reduced by 50%.'))
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depreciation_amount = flt(depreciable_value * (flt(rate_of_depreciation) / 100))
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return depreciation_amount
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