Please guide me What is deprecition on Mobile Phone, Machinery
regards
V.K Singh
19 Replies
Paresh Rathod
(CA)
(222 Points)
Replied 03 June 2011
Mobile phones are treated as plant and machinery, and are entitled to depreciation at the rate of 15 per cent.
Harpreet
(* * * * * *)
(1670 Points)
Replied 03 June 2011
As per Comapny Act
SLM - 4.75%
WDV-13.91/-
As per Income Tax Act
15% on P & M
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 03 June 2011
| Originally posted by : Harpreet | ||
 |
As per Comapny Act SLM - 4.75% WDV-13.91/- As per Income Tax Act 15% on P & M |
 |
Agreed
Ravindra kumar
(student)
(87 Points)
Replied 03 June 2011
Mobile depreciated
as companies act ----Written down value 13.91 %
Straight line method 4.75 %
as per Income tax act ------15 %
CA YOGESH GARG GMG PLYWOODS
(BUSINESS OF PLYWOOD and PARTNER IN GUPTA & MALHOTRA CHARTERED ACCOUNTANTS)
(248 Points)
Replied 03 June 2011
Tushar and Ravindra is right
Piyush Chauhan
(assistant manager)
(24 Points)
Replied 04 June 2011
Mobile is considered under asset class of Office & Other Equipments therefore Depreciation rate to be considered @ 4.75% under SLM
Aparna Raja K.C
(Student)
(520 Points)
Replied 04 June 2011
mobile phone - 4.75% under SLM(Companies Act) or 15% under IT Act
Machinery - 4.75% or 13.91% under Companies Act or 15% under IT act
M. N. JHA
(CA)
(8316 Points)
Replied 04 June 2011
Agree with friend, another view- if nokia 40% wdv method, if samsung 50% wdv method, LG 60% wdv method, motorala 50% slm, spice 75% wdv method, micromax 80% wdv method, lava 85% wdv method, maxx 90% wdv method, karbon and other 95%wdv method, CHINA 100%. . . . . . . Lolz
B.KARUNANANDAM
(MANAGER (FINANCE & ACCOUNTS))
(30 Points)
Replied 05 June 2011
WHAT IS TAXES AND DUTIES FOR OUTSIDE INDIA SERVICE RENDERED BY VENDOR AT CHINA.
ravindra verma
(articles assistence)
(25 Points)
Replied 06 June 2012
1. Depreciation on machinery As per Company Act. 1956
Written doen value metod base rate will be 13.91%
Strienght line method base rate will be 4.75%
And As per income tax Act 1961rate will be 15%
mobile phone we are treat as a machinery so above rate will be applied on that
2. if we are mobile phone traet as a computer than rate will be as per company Act 1956 WDV base 40% and SLM 16.21%
As per income tax Act 1961 rate will be consider 60% but first point is more clearly so remember first point
Maruthamuthu Kalaimani
(SR Accounting Solutions - Proprietor)
(79 Points)
Replied 07 June 2012
As per Income Tax 15%
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