Easy Office
LCI Learning

Depreciation

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 July 2010
Respected Sir,

What is the rate of Depreciation for Mobile Phone.Whether the purchase of Moble is necessary to Capitilised or to be debited to Profit and Loss.

Kindly advice for the same.

Regards

C. R. Mhalgi
Profile Image

CA. BIJENDER KR. BANSAL

Profile Image

CA. BIJENDER KR. BANSAL (Expert)
29 July 2010 MOBILE PHONES COMES UNDER BLOCK OFFICE EQUIPMENT , DEPRECATION RATE AS PER INCOME TAX ACT WILL BE 15%.

PURCHASE OF MOBILE PHONE CAN ALSO BE CLAIMED AS REVENUE EXPENDITURE INPLACE OF CAPLITZED.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links