Depreciation on Mobile Phone

Mobile phones are treated as plant and machinery, and are entitled to depreciation at the rate of 15 per cent.

As per Comapny Act

SLM - 4.75%

WDV-13.91/-

As per Income Tax Act

15% on P & M

15 %                                                                                                          

Originally posted by : Harpreet
	As per Comapny Act SLM - 4.75% WDV-13.91/-   As per Income Tax Act 15% on P & M

Agreed

13.91% as per Com.  act

Mobile depreciated

as companies act ----Written down value  13.91 %

                                     Straight line method 4.75 %

as per Income tax act  ------15 %

Tushar and Ravindra is right

Mobile is considered under asset class of Office & Other Equipments therefore Depreciation rate to be considered @ 4.75% under SLM

mobile phone - 4.75% under SLM(Companies Act) or 15% under IT Act

Machinery - 4.75% or 13.91% under Companies Act  or 15% under IT act

WHAT IS TAXES AND DUTIES FOR OUTSIDE INDIA SERVICE RENDERED BY VENDOR AT CHINA.

As per Income Tax Act

15% on P & M.

1. Depreciation on machinery As per Company Act. 1956 

Written doen value metod base rate will be 13.91%

Strienght line method base rate will be 4.75%

And As per income tax Act 1961rate will be 15%

mobile phone we are treat as a machinery so above rate will be applied on that

2.   if we are mobile phone traet as a computer than rate will be as per company Act 1956 WDV base 40% and SLM 16.21%     

As per income tax Act 1961 rate will be consider 60% but first point is more clearly so remember first point

As per Income Tax 15%