2024 Bonus Depreciation Rules In India

2024 Bonus Depreciation Rules In India. With the current tax law, if you purchased an aircraft in 2023 (new or used), you would be eligible to deduct 80% of the purchase price of the aircraft in 2023 using. Depreciable assets are grouped in blocks, and each block is eligible for depreciation at a prescribed rate.

Bonus depreciation is a significant tax incentive that allows businesses to immediately deduct a substantial portion of the purchase price. The indian revenue department clarified.