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End-of-Life Legal Considerations for Senior Citizens in India

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Month: July 2024

End-of-Life Legal Considerations for Senior Citizens in India
Legal Advice and Awareness • July 31, 2024
End-of-Life Legal Considerations for Senior Citizens in India

As we age, planning for end-of-life care becomes essential to ensure our healthcare wishes are respected and followed. In India, there are several legal mechanisms senior citizens can utilize to express their end-of-life preferences, particularly through advance directives and living wills. Advance Directives and Living Wills An advance directive is a legal document that allows an individual to outline their.. Read more

Deductions available in the New Tax Regime
Indian Taxation and Planning • July 19, 2024
Deductions available in the New Tax Regime

The Indian Income Tax Act offers various deductions to reduce taxpayers’ taxable income. However, with the introduction of the new tax regime under Section 115BAC, which became effective from the financial year 2020-21, taxpayers are presented with a choice between the old tax regime with deductions and exemptions and the new tax regime with lower tax rates but without most.. Read more

Understanding Home Office Deductions for Your Business
U.S. Tax Savings and Planning • July 3, 2024
Understanding Home Office Deductions for Your Business

Harness the full potential of the home office deduction and brace yourself into the realm of tax breaks, where the complexities of deductions transform into opportunities for financial empowerment. The home office deduction can be a valuable tax break, but it can also be a bit complex. Here’s a breakdown of how you can make the most of it: The.. Read more