Respected ,
I have brought a landline phone rs 800/- is it applicable for depreciation? if it is not applicbale then what is the price limit for aplicable ?
Thanks & Regards
Mayur
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Depreciation on Mobile Phone
| Originally posted by : mayur | ||
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Respected , I have brought a landline phone rs 800/- is it applicable for depreciation? if it is not applicbale then what is the price limit for aplicable ? Thanks & Regards Mayur |
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See, this more or less will depend on the policy followed by the management. You can opt for any of the two options. You can write it off as a revenue expenditure since the amount is really insignificant. Else you can also opt for depreciation on the rates discussed above.
| Originally posted by : Harpreet | ||
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As per Comapny Act SLM - 4.75% WDV-13.91/- As per Income Tax Act 15% on P & M |
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Correct
Kindly inform me about the depreciation rate on mobile phones after the introduction of GST?
As per my knowledge the depreciation rate on mobile phones is 15%
Hope this answers your question!
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