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v.k singh (asst a/c )     03 June 2011

Depreciation on Mobile Phone

Please guide me What is deprecition on Mobile Phone, Machinery 

 

regards

V.K Singh



 19 Replies

Paresh Rathod

Paresh Rathod (CA)     03 June 2011

Mobile phones are treated as plant and machinery, and are entitled to depreciation at the rate of 15 per cent.


Regards,
Paresh Rathod
Harpreet

Harpreet (* * * * * *)     03 June 2011

As per Comapny Act

SLM - 4.75%

WDV-13.91/-

 

As per Income Tax Act

15% on P & M

1 Like
CA ADITYA SHARMA

CA ADITYA SHARMA (CA IN PRACTICE )     03 June 2011

15 %                                                                                                          

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)     03 June 2011

Originally posted by : Harpreet

As per Comapny Act

SLM - 4.75%

WDV-13.91/-

 

As per Income Tax Act

15% on P & M

Agreed

1 Like

(Guest)

13.91% as per Com.  act

Ravindra kumar

Ravindra kumar (student)     03 June 2011

Mobile depreciated

as companies act ----Written down value  13.91 %

                                     Straight line method 4.75 %


as per Income tax act  ------15 %

CA YOGESH GARG GMG PLYWOODS

CA YOGESH GARG GMG PLYWOODS (BUSINESS OF PLYWOOD and PARTNER IN GUPTA & MALHOTRA CHARTERED ACCOUNTANTS)     03 June 2011

Tushar and Ravindra is right

Piyush Chauhan

Piyush Chauhan (assistant manager)     04 June 2011

Mobile is considered under asset class of Office & Other Equipments therefore Depreciation rate to be considered @ 4.75% under SLM

Aparna Raja K.C

Aparna Raja K.C (Student)     04 June 2011

mobile phone - 4.75% under SLM(Companies Act) or 15% under IT Act

Machinery - 4.75% or 13.91% under Companies Act  or 15% under IT act

M. N. JHA

M. N. JHA (CA)     04 June 2011

Agree with friend, another view- if nokia 40% wdv method, if samsung 50% wdv method, LG 60% wdv method, motorala 50% slm, spice 75% wdv method, micromax 80% wdv method, lava 85% wdv method, maxx 90% wdv method, karbon and other 95%wdv method, CHINA 100%. . . . . . . Lolz
B.KARUNANANDAM

B.KARUNANANDAM (MANAGER (FINANCE & ACCOUNTS))     05 June 2011

WHAT IS TAXES AND DUTIES FOR OUTSIDE INDIA SERVICE RENDERED BY VENDOR AT CHINA.

Rup Kumar

Rup Kumar (finance manager)     06 June 2011

As per Income Tax Act

15% on P & M.

ravindra verma

ravindra verma (articles assistence)     06 June 2012

1. Depreciation on machinery As per Company Act. 1956 

Written doen value metod base rate will be 13.91%

Strienght line method base rate will be 4.75%

And As per income tax Act 1961rate will be 15%

mobile phone we are treat as a machinery so above rate will be applied on that

2.   if we are mobile phone traet as a computer than rate will be as per company Act 1956 WDV base 40% and SLM 16.21%     

As per income tax Act 1961 rate will be consider 60% but first point is more clearly so remember first point

kalaimani

kalaimani (audit assistant)     07 June 2012

As per Income Tax 15%


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