Depreciation rate

Tax queries 14465 views 14 replies

 What is the depreciation rate for Mobile phones?? Can it be classified under Machinary @ 15% or @ 60%??

Replies (14)

15%

15%

Originally posted by :Praveen Nair
"  What is the depreciation rate for Mobile phones?? Can it be classified under Machinary @ 15% or @ 60%?? "

The mobile phones do not fall under the Block of Computers under the Income tax Act. The same falls under the plant & machinery and therefore the rate of depreciation falls under 15% and not at 60%

Mobile phone falls under office equipments

Originally posted by :chandrashekar.p
" Mobile phone falls under office equipments "


 

nope..

mobile are not charged under office equipments

15 %  bcz mobile phone is not coverd in computer equipemt , its covered in machinery 

Mobile phone it is a part of office equiment & Dep. rate @ 15%

15%

Mobiles r charged at 15% as it will be classified under Machineries under Income Tax Act, 1961..

Friends,

Mobile Phones are just Office Equipments which qualifies for 15% Dep as per  our Act.

liable to depreciation at the rate of 15%

 what will be the depreciation rate or classification in the case of Sch XIV of companies act, 1956?

15%

15%


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