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.

06 January 2016 Please tell me the rate of dep on mobile phones as per companies act 2013 & as per income tax act 1961

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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