Allowable expense

196 views 3 replies

Accounts Assistant

67 Points Joined April 2012

Mobile Purchased by sole Proprietor can be claimed as a expense

Replies (3)

Business Consultants

2077 Points Joined February 2014

it has to be capitalised and depreciated accordingly.

Accounts Assistant

67 Points Joined April 2012

@ what rate of depreciation

Accounting & Taxation

51 Points Joined March 2012

HI,

Depreciation rate on mobile as per below

DEPRECIATION RATE AS PER IT ACT 15%

DEPRECIATION RATE AS PER COMPANY ACT 4.75%

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