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Rate of depreciation of on mobile

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Mobile phones are treated as office equipment. Under Companies Act 2013, useful life is 5 years with approx 19 percent SLM or 45.07 percent WDV. Under Income Tax Act 1961, depreciation is 15 percent on WDV basis.

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(Querist)
06 January 2016 Please tell me the rate of dep on mobile phones as per companies act 2013 & as per income tax act 1961
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
07 January 2016 Rate of Depreciation on Mobile as per Companies Act 2013.

Under Office Equipment - Useful Life 5 years.

SLM 19%
WDV 45.07%

Rate of Depreciation under Income Tax Act 1961 will be 15% WDV
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