How to maintain user exits for validations and substitutions?

The exits for validations and substitutions are stored in an include of your choice.

 

The following includes are delivered as examples by default: RGGBR000

 

Val/Sub: Exits for rules RGGBS000

Val/Sub: Exits for substitutions You should copy these into the customer namespace, for example ZGGBR000. The length of the name you choose should not exceed 8 characters.

 

This is because the name is also generated in the source code, and it may exceed a certain line length. You can also create a separate include for each client, which can improve performance.

 

In transaction GCX2, you should then define where your include is used. To do this, enter the name of your include as a FORM pool in the relevant application area.

Delete Customer Credit Management Data - TCODE : FCV2

This report deletes A/R summaries. In accordance with your selections, corresponding entries are deleted from tables KNKKF1 and KNKKF2.

This is data required for the credit check in SD or for the early warning list using report RFDKLI42. This data is only temporary and is regulary recreated using report RFCMCRCV (and redistributed in the SD systems using distributed Credit Management).

From Release 4.70, both tables KNKKF1 and KNKKF2 are client-dependent. When you upgrade to this release, data from this table may be copied to clients where it is not required and should therefore be deleted. To carry out this automatic analysis of clients you can use the indicator 'Automatic Analysis' - in both a test run and an update run:

In the test run, the report analyzes whether data can be deleted, and based on this analysis, the data is deleted in the update run.

If data exists in tables KNKKF1 or KNKKF2, the analysis runs based on the entries in table T000CM as follows:

If there is no entry in table T000CM, all data from tables KNKKF1 and KNKKF2 is proposed for deletion because the A/R summary is evidently not being used.

If there is an entry in this table, and the A/R summary is neither created nor read in this client (T000CM-XCVCR=SPACE AND T000CM-XCVRD= SPACE), all entries in tables KNKKF1 and KNKKF2 are proposed for deletion, since the A/R summary is evidently not being used.

If there is an entry in this table and the A/R summary is created in this client (T000CM-XCVCR = 'X'), all entries in tables KNKKF1 and KNKKF2 that do not belong to the logical system of the client analyzed are proposed for deletion.

If there is an entry in this table and the A/R summary is only read in this client (T000CM-XCVRD = 'X' ), all entries in tables KNKKF1 and KNKKF2 where the logical system does not agree with the logical system determined according to the ALE distribution model (that is, the unique FI system) are proposed for deletion.

Snapshot of tax proposals – BUDGET 2009 - PERSONAL TAX - India - Budget 2009

• Personal income tax slabs increased by Rs.10,000 to Rs.15,000
• Surcharge abolished for individuals, HUF and partnership firms
• Receipt of any immovable and specified property without consideration or for inadequate consideration will be considered  as income from other sources to the extent the difference exceeds Rs. 50,000

Rates of taxes

 

Personal tax 

 

Personal income-tax slabs are proposed to be revised as under :

• Minimum exemption for women raised from Rs. 180,000 to Rs. 190,000.
• Minimum exemption for senior citizen raised from Rs. 225,000 to Rs. 240,000
• Surcharge of 10% has been abolished for individuals, HUF and partnership firms
• Education cess and Secondary and Higher Education Cess at 3% to continue

 

WEALTH TAX -  Wealth Tax exemption limit enhanced to Rs.30 lakh

 

 

Other Deductions under chapter VI A

 

Deduction in respect of contributions to political parties

 

·        It is proposed that with effect from April 1 2010, donations to Electoral Trust shall be allowed as a 100 percent deduction under Section 80GGB and section 80GGC

 

Deduction in respect of maintenance of a dependent with a severe disability

 

·        It is proposed to increase the limit for deduction in respect of maintenance (including medical treatment) of a dependent suffering from severe disability to Rs.100,000 from Rs. 75,000 w.e.f. April 1 2010

 

Interest on loan taken for higher education

 

·        Deduction for interest on loans taken for higher education has been extended to cover all fields of studies (including vocational studies) pursued after passing the Senior Secondary Examination or its equivalent from any school, board or university recognised by the Central Government or State Government or local authority. This amendment is effective from 1st day of April, 2010

 

 Contribution to pension scheme of the Central Government

 

·        It is proposed to permit contribution to the pension scheme of the government to self-employed individuals with respect to which contributions by such person or his employer (if any) are permitted as a deduction upto 10 per cent of his salary.

 

·        When such person receives the contribution (including accumulated income), it shall not be taxable in his hands if such amount is used for purchasing an annuity plan in the same previous year.

 

Income in special cases

 

Relief from anonymous donations [Section 115BBC]

 

·        Anonymous donations received by certain specified institutions would not be taxed upto:

 

o       5% of the total income of such institution, or

o       Rs.100,000 whichever is higher. Earlier, all anonymous donations were taxed in the hands of the institutions.

 

MISCELLANEOUS

 

·        Capital expenditure incurred by certain business like cold chain facility, warehousing facility and laying and operating natural gas or crude or petroleum oil pipeline shall be allowed as deduction

 

·        Presumptive tax provisions for residents revamped; businesses with turnover less than Rs.40 lacs can be taxed at presumptive rate of 8%

 

·        Commodity Transaction Tax to be abolished

 

·        New provisions introduced with respect to taxability of Limited Liability Partnerships.

 

Snapshot of tax proposals – BUDGET 2009 - Direct taxes - CORPORATES

·        Fringe Benefit Tax to be abolished and fringe benefits to be taxed as perquisites

 

·        No change in corporate tax rate;

 

·        MAT increased from 10% to 15%. MAT credit available for 10 years

 

·        Date of commencement of operations for eligibility to tax holiday extended by a year to March 31 2011 for units engaged in power generation, distribution and transmission.

 

·        Similarly, date of commencement of operation for undertakings set-up for reconstruction and revival of a power generating plant extended retrospectively from April 1 2008 to March 31 2011.

 

Expansion of scope of weighted deduction for scientific research [section 35 (2AB)]

 

·        Scope of weighted deduction of 150%for in-house scientific research and development facility extended to all business engaged in the manufacturing or production of article or thing

 

·        Tax holiday benefit for STP/ EOU units extended till March 31, 2011.

 

·        Anomaly in computation of deduction for SEZ units rectified –total turnover of the 'undertaking' to be considered instead of total turnover of the business of the assessee.

 

·        Deduction for undertakings engaged in production and refining of mineral oil extended to production of natural gas on blocks licensed under NELP VIII round.

 

·        Certain conditions are imposed on undertakings engaged in developing and building housing projects.

 

  

Corporate Tax

 

·        No change in corporate tax rate

 

·        MAT increased from 10% to 15%

 

·        No change in surcharge and education cess

 

Other taxes

 

·        Fringe Benefit Tax abolished

 

·        Commodity Transaction Tax (CTT) abolished

 

·        No change in Dividend Distribution Tax

 

 

TDS

 

·        Provision for TDS on payment to contractors substituted

 

-uniform rate of 1% for individual and HUF and 2% for any other person

 

·        TDS rates on rent revised

 

-2% for use of plant and machinery and 10% for land, building or furniture and fixture

 

·        Summary assessment procedures for TDS returns have been introduced

 

·        Separately, TDS assessment to be completed within 2 years of filing of return and 4 years when no return is filed

 

·        Furnishing of PAN mandatory for deducting tax and for obtaining lower withholding tax certificate.

 

Procedural changes

 

Requirement to furnish PAN [Section 206AA]

 

·        A deductee shall required to furnish PAN to the deductor, failing which tax shall be deducted at higher of the following rates:

 

 –prescribed rate

–at the rates in force (as per the Finance Act)

–at the rate of 20%

 

·        Tax shall also be deducted at aforementioned tax rates in case declaration of PAN by deductee to deductor is invalid / declaration filed under section 197A is not correct.

 

·        Lower withholding tax certificate shall be not granted by income-tax authorities unless application filed contains PAN of the applicant.

 

·        PAN shall also be mentioned in all correspondence/ bills/ vouchers/ other documents exchanged between deductee and deductor.

 

This amendment will take effect from AY 2010-2011

Controlling : Commitments Management

A contractual or scheduled commitment that is not yet reflected in Financial Accounting but that will lead to actual expenditures in the future.

Commitment management gives you an early recording and analysis of such commitments for their cost and financial effects.

Commitments can be entered for the following objects:

• CO production orders
• Production orders
• Internal orders
• Maintenance orders
• Sales orders
• Cost centers
• Networks
• Network activities
• Projects (work breakdown structure elements)

CO Commitments Management enables you to enter and analyze commitments at an early stage, and thus to account for them in controlling.

Implementation Considerations

Integration with CO & MM

Commitments Management Flow

o        How Purchase Order Commitments are Created

o        Creating Purchase Order Commitments

o        Reducing Purchase Order Commitments to Zero

Example: Individual Purchase Order on an Internal Order

o        Creating Purchase Order Commitments    

o        Partial Reduction of Purchase Order Commitments

o        Updating Purchase Order Commitments

o        Reducing Purchase Order Commitments to Zero

o        Increasing the Actual Costs

Commitments Information System

o        Calling Up Total Cost Reports

o        Calling Up Cost Element Reports

o        Calling Up Line Item Reports

Features

• Creation of Commitments

For example, specific goods are ordered for an internal order, a cost center, or a project. A purchase order commitment is created that is equivalent to the purchase order value.

• Commitments Display

Commitments are always displayed with a value and, if required, a quantity for the cost element, the fiscal year, and the period when the costs are expected to be incurred.

• Commitments Currency

The system executes all commitments in the currency used, in the original business transaction (for example in the ordering transaction). It then translates the amount into the controlling area currency, company code currency and the object currency. The PO currency exchange rate is used for currency translation.

• Reducing the Commitment:

The commitment is reduced by business transactions (such as goods receipts) and actual costs are incurred by the corresponding account assignment object. This continues until, for example, the business transaction "Purchase order" is closed and the purchase order commitment is reduced to zero.

• Carrying Forward Commitments at Year-End-Closing

At year-end closing, you can carry the open commitment values from purchase requisitions, purchase orders and fund commitments forward to the first period of the next fiscal year. You can select by account assignment object (order, cost center or project). You can also process individual documents if required.

Commitments are carried forward for each controlling area.