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Depreciation on Mobile Phone

Page no : 2

mayur (M.Com) (21 Points)
Replied 04 July 2014

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

Kartikey Jain (Intern) (2377 Points)
Replied 04 July 2018

Originally posted by : mayur
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

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.

KOUSHAL JAIN (Chartered Accountant) (466 Points)
Replied 04 July 2018

Originally posted by : Harpreet

As per Comapny Act

SLM - 4.75%

WDV-13.91/-

 

As per Income Tax Act

15% on P & M

Correct

shahyar husain (1235 Points)
Replied 13 November 2020

Kindly inform me about the depreciation rate on mobile phones after the introduction of GST?
1 Like

Prachi Bansal (3089 Points)
Replied 06 January 2021

As per my knowledge the depreciation rate on mobile phones is 15%

Hope this answers your question!


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