Marriage means not only love and companionship, but also tax saving. This is because after marriage, you can form an HUF to avail the same income tax benefits that are available to individuals. Now, isn’t that a tax-savvy reason to get married?
HUF stands for Hindu Undivided Family. An HUF is recognised as a separate taxable entity under the Income Tax Act and can file tax returns in India. Read our guide on the tax benefits of forming an HUF.