2024 Bonus Depreciation Limit In India. Under the new proposed rules, if a taxpayer itself manufactures, constructs, or produces property for use in its trade or business or for its production of income, the additional first. (21 of 1965) [25th september, 1965.] [an act to provide for the payment of bonus to persons employed in certain establishments on the.
Bonus depreciation is a significant tax incentive that allows businesses to immediately deduct a substantial portion of the purchase price. Is there a limit on the amount of bonus depreciation that can be claimed?