So, let’s continue our discuss on this and know the view of our Income tax department and various authorities, on this issue. Even Income tax defined the term Business Expenditure also.īusiness are allowed to claim depreciation on fixed assets used for business purpose only, at a specific rate as provided by Income Tax Department, Now the question arise Does Mobile Comes Under the Category of Fixed Assets, and If Yes Then at What Rate? Only those expenditure which incurred on Business termed as Business Expenditure. Government and Income Tax Department allows us to reduced business expenditure from gross earning. In some sectors like communication and marketing. It is also using in various business as an essential tool. Nowadays usage of mobile increasing rapidly, does not matter about which industry we are talking, either educational field, entertainment source, or enhancing our business by providing an excellent source of networking. Mobile is emerging not only as an advance technology communicating device and entertaining source but also playing a vital role in the era of industrial revolution. As we all are well acquainted with the wide usage of mobile.
