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Depreciation

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(Querist)
08 August 2009 What is the depreciation rate for Telephone and Cellphone as per Income Tax Act?

Please reply immediately......
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CA Gangadhar Mishra

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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.
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Taranjit Singh

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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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Jitender

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Jitender (Expert)
08 August 2009 15

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