mobile phone expenses
This query is : Resolved
09 July 2010
mobile phone of the party is not accounted as asset. but phone bills for the same is claimed. would this be allowed..? also what is the rate of depreciation for mobile phones
?
?
09 July 2010
Yes the Mobile Phone bills will be allowed. suppose if an Employee uses his phone & his exp is reimbursed then also they are charged under the Telephone Expenses.
Depn rate is 15% under Plant & machinery
Depn rate is 15% under Plant & machinery
09 July 2010
Akhil said right,
Depreciation Rate as per IT is 15%
& for Companies Act 13.91%(WDV)
Depreciation Rate as per IT is 15%
& for Companies Act 13.91%(WDV)
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