Mobile phone dep rate

Depreciation Rate under companies Act is 13.91% and under IT act it is 15%.

• If the value of phone is less than 5000 INR then, 100% depreciation shall be provided
• else, As per co's act it 13.9 %
• else, As per IT act 15 % under the plant and machinery block

Any ways it has to be capitalised as per the definition of Fixed Asset and Capital Expenditure.

HI  Sir,

Can you please tell me the Dep.Rate for mobile handset for fy 2016-17 as per Companies act 2013

Can you please let me know the depreciation applicable now on mobile phones?

Cell phones are not listed property.

You can deduct or depreciate cell phones under the regular rules for business property. You don't need detailed documentation on usage.

You must use your listed property continuously for more than 50% of the time for business purposes.