rate of depreciation on mobile phones as per companies act
This query is : Resolved
08 June 2011
Hello freinds as there is some confusion in rate of depreciatiaon on mobile phone as per companies act wdv method
In one book i had read its rate of depreciation is 15.33% and some where it is written 13.91%
plz confirm the rate and provide the base or supporting or link for that rate
thankyou
In one book i had read its rate of depreciation is 15.33% and some where it is written 13.91%
plz confirm the rate and provide the base or supporting or link for that rate
thankyou
Praveen Sharma
(Expert)
08 June 2011
The Depreciation rate under companies act for Plant & Machinery is 13.91% (Mobile taken as Plant & machinery).
See the link:
https://www.vakilno1.com/bareacts/companiesact/SCHEDULE%20659%20-%20674/sSCXIV%20-%20672.htm
See the link:
https://www.vakilno1.com/bareacts/companiesact/SCHEDULE%20659%20-%20674/sSCXIV%20-%20672.htm
Message likes :
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13 June 2011
Thank you praveen for your answer but the link provided by is not working
can you provide me another link
in plant and machinery also there is two categories one continues process and second other than continues process if you see continues process rate is 15.33%
can you provide me the accurate rate
can you provide me another link
in plant and machinery also there is two categories one continues process and second other than continues process if you see continues process rate is 15.33%
can you provide me the accurate rate
Dhirajlal Rambhia
(Expert)
05 August 2023
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