Hi,
Cell phone comes under which fixed asset head ?
Pls do the needful
Thanks in advance
Menu
Cell phone - fixed asset head
Replies (3)
Cell phones are generally treated as revenue expenditure.
- Ashi(www.meritranker.com)
Cellfone may come under " Office Equipments "
Cellfone costing below Rs 5000/ would be depriciated 100 % in the year of purchase.
Under Plant & Machinery @ 15%
Recent Threads
- Capital Gains from Cancelled Residential Project
- Import of goods data in IMS
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
- Company strike off with loan waiver accounting iss
- Board resolution for authorization for GST
- Invoice related audit
- Gst input credit related
- Updated ITR as missed the dead line
Related Threads
CAclubindia
