What Is Bonus Depreciation 2024 In India. 31, 2022, and before jan. On the other hand, bonus depreciation, particularly under the current laws set to phase down starting in 2023 leading into 2024, allows for a percentage of the cost of qualifying business property to be deducted in the first year, without a spending cap.

Extension of 100% bonus depreciation. On the other hand, bonus depreciation, particularly under the current laws set to phase down starting in 2023 leading into 2024, allows for a percentage of the cost of qualifying business property to be deducted in the first year, without a spending cap.