2024 Bonus Depreciation Rates In India

2024 Bonus Depreciation Rates In India. An assessee should satisfy various conditions to claim depreciation expense under income tax act. In this article we have compiled depreciation rates under companies act 2013 under written down value (wdv) method and as per straight lime method (slm).

Depreciable assets are grouped in blocks, and each block is eligible for depreciation at a prescribed rate. This guide includes rates for tangible and intangible assets, providing valuable insights for taxpayers.