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Depreciation rate

CA Praveen Nair (Business Analyst) (99 Points)

24 July 2009  

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


 14 Replies

sumit (CHARTERED ACCOUNTANT) (479 Points)
Replied 24 July 2009

15%

CA Vinay Saraf (CA) (148 Points)
Replied 24 July 2009

15%

Pankaj Bohara (Chartered Accountant) (28 Points)
Replied 25 July 2009

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%

shekar (Officer) (25 Points)
Replied 25 July 2009

Mobile phone falls under office equipments

CA Dhiraj Ramchandani (CA, M. com) (10818 Points)
Replied 25 July 2009

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


 

nope..

mobile are not charged under office equipments

sandeepverma (don't make exuse for study)   (304 Points)
Replied 25 July 2009

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

Gourav bansal (Student) (24 Points)
Replied 25 July 2009

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

rohit bansal (article) (36 Points)
Replied 25 July 2009

15%

vicky (article) (44 Points)
Replied 25 July 2009

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

CA. SUDHARSAN K G (Chartered Accountant) (472 Points)
Replied 25 July 2009

Friends,

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

Ratan Deep Saxena (Asstt Manager (Accounts & Finance))   (2993 Points)
Replied 25 July 2009

liable to depreciation at the rate of 15%

Venkatesan.k (Executive Finance ) (238 Points)
Replied 21 August 2009

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

Sandeep Marathe (CA Final) (423 Points)
Replied 24 August 2009

15%

Sakshi Chanana (Article) (141 Points)
Replied 24 August 2009

15%


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