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Mobile Phone purchased for Company Use

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 January 2010 Sir,

Mobile Phone (4 No.of Hand set worth Rs.14,000) purchased for Company Employees for official purpose. Where it comes ? whether Communication expenses (or) Fixed Assets-Office equipments.

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Bhavesh

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Bhavesh (Expert)
04 January 2010
fixed Assets would be better choice as it has enduring benfits.
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Heera Nahariya

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Heera Nahariya (Expert)
04 January 2010 agree with the expert. Depreciation rate 15% is applicable under Income Tax. Record as "MOBILE HANDSET" under Fixed Asset.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
06 January 2010 Based on the Fixed assets policy of the company, generally treated fixed assets better

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