When you create an asset through the CIP (Planning) module, you can get the "Error(Tax Book): ITC amount is over Limit" message. This error occurs when the template contains a saved value that’s greater than twice the asset value. Edit the template to remove the saved values to fix the error.

In Sage Fixed Assets Depreciation:

1. Go to Asset, New.
2. On the New Asset screen, select the template from the Template dropdown list.
3. Select Yes to apply the template.
4. Set the Acquisition Value to zero in all books.
5. If prompted, select Yes for the Placed-in-Service date questions.
6. Go to Asset, Save As Template.
7. Enter the existing template name in the Enter new template name: field.
8. Select OK.
9. Select Yes to overwrite the existing template.