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.

15 April 2020 What will the rate of depreciation for Mobile and under which category it will stand at the time of filling return.

16 April 2020 The rate of depreciation is 15% . It is generally reported under the head Plant & Machinery.

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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