Agata Rosina

2024 Bonus Depreciation Rates In India. The bonus depreciation rates are set for a significant shift as we transition from 2023 to 2024, a change that businesses need to prepare for in advance. 31, 2022, and before jan.

The indian revenue department clarified that with effect from 1 april 2017 the block of assets that are entitled to more than 40% depreciation will now be restricted to 40%. This is the first bonus issue by the company since 2017, when the conglomerate issued bonus shares at a 1:1 ratio.