Let's take a look at some of the benefits
Marriage is the strong foundation of Indian society and the union of two people is celebrated with great pomp and show during wedding ceremonies. When you find a partner to spend your life with, it can indeed be a great union and a joyous thing. In India, marriage is legally registered under the Special Marriage Act of 1954 for religious weddings. There are several legal benefits when it comes to getting married in India. Availing incredible legal benefits can make the idea of marriage much more attractive. Here are 5 legal advantages of getting married in India.
Couples can file taxes jointly
If one of the partners is earning and the other partner is staying at home, then this can be an ideal situation for the couple to file taxes jointly. If the couple files their taxes separately, this can prevent them from enjoying the advantages of getting to reduce two exemption amounts from the income.
Couples can avail of marital tax benefits
There is an unlimited marital tax deduction for married couples in India. You can transfer a limitless amount of assets to your partner at any time without adding any tax. Creating Family Partnerships under federal tax laws also greatly helps divide the business income among family members.
Couples can avail of governmental benefits
When couples get married in India, they can avail of medical insurance, disability and social security benefits for each other. There are other kinds of benefits such as loans when it comes to home loans, education loans etc.
Couples have legal decision making benefits
When you are married, you have the status of next-to-kin for hospital visits and you can even make important medical decisions for your spouse. Your decision with respect to other fields such as education, financial and social security will be given importance, after or equal to your spouse.
Couples can avail of inheritance benefits
When you’re legally married, you will be able to inherit an estate or an asset of your spouse without any tax consequences. However, when a couple isn’t married, they need to pay the taxes. A spouse will still have inheritance rights even if the spouse passes away and there’s no legal will.
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