Depreciation can claim on mobile phones as per IT act? How much % we can claim?
Reply me urgent......
Menu
depreciation
Replies (5)
15%
In my opinion they can be written off completely on purchase, for their life is very small.
15%
It depend on the company rule of materiality concept and cost of mobile if cost is low and company show up to that cost as revenue then it will be charged on revenue otherwise if cost is high and it can't be charged on revenue then depreciation will be charged at 15%.
15 %.
Recent Topics :
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
Related Topics :
CAclubindia
