2024 Bonus Depreciation Rate In India. In 2024, the bonus depreciation rate is set to reduce from 80% to 60%. While the tcja provided an immediate boost to bonus depreciation, it also contained a sunset provision that would gradually reduce the benefit over time.

This means businesses will be able to write off 60% of the cost of eligible assets in the first year that the assets are placed into service. This guide offers a detailed look into the mechanics and strategic application of bonus depreciation in 2024, particularly focusing on new developments and how businesses.