it is covered under office equipment dep rate @15% as per IT

BHAVESH A. PAREKH
TAXATION MANAGER
DHFL.
CORPORATE OFFICE.BANDRA. MUMBAI-51.
Tel. No.26583333 Extn.-302
HAVE A NICE DAY.



"Peeyush" <[email protected]> 
Sent by: [email protected]
26/06/2010 02:17 PM
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Subject
Depreciation on Mobile Sets






Dear Members,
 
Please let me know what rate of Depreciation should be used to depreciate 
the Cell phones/
 
What treatment should be done in books (income Tax and Companies Act) as 
the average life of handset is not more than 18 months.
 
Views of colleagues are welcome 
 
Thanks & Regards

CA Peeyush Aggarwal
      B. Com, FCA, CA-ISA
B 132 Anand Vihar
Delhi - 110 092
Tel:      +91 11 22164700  +91 11 22164700 
           +91 11 22164800  +91 11 22164800 
Mobile:  +91 9312432201  +91 9312432201 
              +91 9911662000  +91 9911662000 

Email: [email protected]
Website: www.Indialiaison.Com

Skype: peeyush1965

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