Mobile Phone purchased for Company Use

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 January 2010 Sir,

Mobile Phone (4 No.of Hand set worth Rs.14,000) purchased for Company Employees for official purpose. Where it comes ? whether Communication expenses (or) Fixed Assets-Office equipments.

Thanks

04 January 2010
fixed Assets would be better choice as it has enduring benfits.

04 January 2010 agree with the expert. Depreciation rate 15% is applicable under Income Tax. Record as "MOBILE HANDSET" under Fixed Asset.

06 January 2010 Based on the Fixed assets policy of the company, generally treated fixed assets better


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