2024 Bonus Depreciation Rules In India

2024 Bonus Depreciation Rules In India. 60% for property placed in service in 2024. The bonus depreciation rate for 2023 is 80% and for 2024 the percentage drops to 60%.

The bonus depreciation rates are set for a significant shift as we transition from 2023 to 2024, a change that businesses need to prepare for in advance. Bonus depreciation is a significant tax incentive that allows businesses to immediately deduct a substantial portion of the purchase price.