Depreciation On Mobile As Per The Income Tax Act Rules Rates
Depreciation (https://www.registerkaro.in/po....st/depreciation-on-m on mobile phones, as per the Income Tax Act rules, allows businesses and professionals to claim a deduction for the decrease in the value of mobile phones used for business purposes. Under the Income Tax Rules, mobile phones are generally classified under the block of "plant and machinery" and are eligible for depreciation at a rate of 15% on the Written Down Value (WDV) method. This means taxpayers can reduce their taxable income by accounting for the wear and tear of mobile devices used in the course of business, provided proper documentation and usage justification are maintained.
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