What Is Bonus Depreciation 2024 India. Bonus depreciation is a significant tax incentive that allows businesses to immediately deduct a substantial portion of the purchase price of eligible assets rather than. In 2024, the bonus depreciation rate will drop to 60%, falling by 20% per year thereafter.

Reserve bank of india (rbi) in respect of the issue of. As a result, businesses leasing equipment in 2024 will still be able to take advantage of bonus depreciation, albeit at a lower rate than in preceding years.