Bonus Depreciation 2024 Rules In India. Depreciation is a way of spreading the cost of an asset over its. Assets acquired during the bonus period (september 27, 2017, to january 1, 2023) can receive 100% depreciation deductions in the first year.

The tax cuts and jobs act (tcja) significantly boosted the potential value of bonus depreciation for taxpayers—but only for a limited duration. It allows companies to accelerate the depreciation of qualified.