Accelerated depreciation "could be a very cheap way of increasing the housing supply," said Richard Green, a USC professor.

As we enter the beginning of 2025, bonus depreciation continues to leverage down as more portions of the Tax Cuts and Jobs Act expire.

Madras High Court held that provision for leave salary is not allowable as deduction under section 43B (f) of the Income Tax Act since deduction of actual payment is allowable and not of provision.

The Tax Cuts & Jobs Act also allowed businesses to deduct 100% of large capital expenses upfront through bonus depreciation, but this specific provision is scheduled to be phased out, with the ...