what is the depn. rate for mobile in income tax act ? whether it be consider at 60% as computer as it perform similar function like sending e-mail etc.,
CA Pallav Singhania
(IT System Auditor)
(33262 Points)
Replied 03 September 2013
Mobile comes under the block of plant and machinery and dep. rate as per income tax act is 15% and as per companies act is 13.91%
CA LOVELY ARORA
(C.A. B.Com (H) Graduate)
(2151 Points)
Replied 03 September 2013
agree with Mr. Aryan... 15% dep. should be calculated.. being plant & machinery..
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