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
- Tax Implications of Alumni Union (R) under Society
- Heard & Seen Around – Your Daily Economi
- Purchase and sales of Shares entry in Tally
- Where to know latest GST HSN Codes and their Rates
- Hsn code and rate cnsl crude oil
- Clarification required on taxation of income from
- Pension Income up to Rs.1,66,250 per month equal t
- Reappointment of Managing Director in a private li
- VAT deducted by Saudi company
- RCM doubt please clarify
Related Threads
CAclubindia
