Bonus Depreciation 2024 Vehicles In India. Bonus depreciation deduction for 2023 and 2024. Nirmalaji sitaraman announced some measures for the auto sector to create demand for motor vehicles.

The value of both the section 179 deduction and bonus depreciation is reduced for certain classes of vehicles due to irs depreciation deduction limitations. The federation of automobile dealers associations (fada) urged the government to introduce vehicle depreciation benefits for individual taxpayers to boost.