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