Depreciation

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Mobile phones are generally classified under the 'Plant & Machinery' category for depreciation purposes. The standard depreciation rate applied is 15%. As there isn't a specific category for mobile phones in the depreciation chart, they fall under this general classification when filing returns.

ASHISH SINGH ADHIKARI

ASHISH SINGH ADHIKARI (Querist)
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15 April 2020 What will the rate of depreciation for Mobile and under which category it will stand at the time of filling return.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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16 April 2020 The rate of depreciation is 15% . It is generally reported under the head Plant & Machinery.

Vikas Tapariya

Vikas Tapariya (Expert)
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19 April 2020 mobile phone have not a special category in depreciation chart so it is generally fall in plant and machinery (15%) , so we can call that mobile phone depreciation rate is 15%.

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