DEPRECIATION ON MOBILE PHONES AS PER CO'S ACT 2013

As per general rate of  13.91 % for useful life of 15 years.

For books, a mobile phone used in the business is generally classified as plant and equipment under Schedule II to the Companies Act, 2013—not automatically as “office equipment” with a five-year life. Schedule II prescribes a useful life of 15 years for general plant and machinery; the 13.91% figure is the corresponding written-down-value rate, not a separate statutory rate.

The company should set a reasonable useful life based on expected usage and obsolescence, apply the depreciation method consistently, and document the basis. A shorter useful life may be used where justified by technical advice or the company’s own assessment, with the required disclosure; the 45.07% rate should not be adopted merely because the phone is an office asset. This depreciation is for company accounts—income-tax depreciation follows separate rules.

That classification and useful-life decision should be carried consistently through the fixed-asset register and year-end accounts. Manual asset schedules and depreciation workings are difficult to maintain across large registers; automation can reduce repetitive work while professional judgment remains in control. At Jir AI, our 2,000+ AI agents and 650+ integrations streamline GST, ITR, TDS, TCS and other compliance workflows, helping reduce manual workload by up to 70%. For a more efficient compliance workflow, connect with us on WhatsApp: https://wa.me/message/3HVOZ7HIY4ESC1