Asset value less than rs 5000.00

For Income tax seperate rates

100% write off less than rs5000 for asset plant and machinery stated in schedule xiv

Mobile phones classified as office equipments and Furniture is a seperate category of Fixed Asset on which 100% write off not possible

Let other experts comment on this 

Schedule XIV is applicable for all asset, so depreciation as to be provided at 100% for asset value less than Rs.5000/-...

I agree with Sivaram...

For information on depreciation of mobile phones you can refer following link:

/forum/depreciation-rate-40636.asp