Depreciation on Four Wheelers for office purpose

Hi ,

We have purchased Four Wheelers for our office purpose. We are not using this  Four wheeler for operating travels. Please advise what is the life time of vehicle and Depreciation rate under SLM method.

 

Thanking you,

Srinivas.

 

Replies (5)
Quick Summary
This discussion clarifies the depreciation rates and useful life for four-wheelers purchased for office use, specifically under the Straight-Line Method (SLM). It confirms a depreciation rate of 15.83% and a useful life of 6 years for such vehicles. Additionally, it addresses the depreciation for mobile phones used for business purposes, identifying them as end-user devices with a useful life of 3 years and specific SLM and WDV depreciation rates.

Depreciation rate 15.83% and life is 6 years

Hi, 

One more clarification, purchase of mobile for business purpose. What is the life time of mobile for calculating depreciation 

Communication devices used for supervision of business, it’s 40%. Useful life is not available. 

https://www.simpletaxindia.net/2017/02/depreciation-on-mobile-phone-atm-ponds-interesting-issue.H T M L

as per this article it is classified as PPE or other class assets. If I was treating it, I’ll include into the carrying amount and use the accounting treatment of replacement parts with nil scrap value. Ie derecognise the mobile value after its useful life and upload new mobile value. I’m sure you have other methods cooked up. 

I found the answer, it’s called end user devices where useful life is 3 years and depreciation is 31.67% SLM & 63.16% WDV. https://www.taxadda.com/depreciation-rates-as-per-companies-act-2013/

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
14 August 2026
Article Assistant CA Articleship

Eshwar & Co Chartered Accountants - Nungambakkam

Chennai

CA Inter

View Details
Company
ARTICLESHIP 14 August 2026
Article Assistant

N J Suresh & Associates

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
13 August 2026
Chartered Accountant (FP&A)

Client of Trellis Consulting

Gurgaon

CA

View Details