Mobile Phone purchased for Company Use
This query is : Resolved
Querist : Anonymous
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
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.
fixed Assets would be better choice as it has enduring benfits.
Heera Nahariya
(Expert)
04 January 2010
agree with the expert. Depreciation rate 15% is applicable under Income Tax. Record as "MOBILE HANDSET" under Fixed Asset.
CMA Ramesh Krishnan
(Expert)
06 January 2010
Based on the Fixed assets policy of the company, generally treated fixed assets better
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