Menu
Allowable expense
Mobile Purchased by sole Proprietor can be claimed as a expense
Replies (3)
it has to be capitalised and depreciated accordingly.
@ what rate of depreciation
HI,
Depreciation rate on mobile as per below
DEPRECIATION RATE AS PER IT ACT 15%
DEPRECIATION RATE AS PER COMPANY ACT 4.75%
Recent Threads
- GST rate rcm
- AI in ERP & System Audits - Why Auditors Shoul
- Can updated return be filed having salary income a
- Save LTGC on land sale
- Property given on rent- ITC
- India–EU Trade Pact: Tariffs Down, Opportuni
- How to get online work as a accountant
- GST mandatory when exporting services?
- IMS action related
- CERTIFIED FRAUD EXAMINER EXAM
Related Threads
CAclubindia
