Depreciation
This query is : Resolved
08 August 2009
What is the depreciation rate for Telephone and Cellphone as per Income Tax Act?
Please reply immediately......
Please reply immediately......
CA Gangadhar Mishra
(Expert)
08 August 2009
Dep rate for Telephone etc which is classified under plant & machinery is 15% as per I T Act.
Taranjit Singh
(Expert)
08 August 2009
Mobiles are charged at 15% as it will be classified under Machineries under Income Tax Act, 1961..
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