banner_ad

Depreciation rate

Tax queries 14569 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%


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

Delhi

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details