My wife and Me (Buyers) are purchassing a flat and we had done an Agreement of Sale with the seller(s) - Husband and Wife joint owner of the property. They are also co-applicants in their running home loan on the property under sale here. Now, we have paid our contribution to the Seller(s) and also deducted TDS @1% of the total sale amount and 16B are ready. We were planning to do the registry of the flat in few days. We are also taking home lan from the same bank and it will be a loan balance transfer from buyers home loan account to sellers home loan amount and rest amount will be given to them via demand draft by the bank on the day of registry. Now, unfortunately, the cowner husband (seller) of the property has passed away. Now the wife (seller) will execute everything. Is there a requirement of changing form 26QB and 16B which is in the name of deceased to his wife's name before registry.

1. IF LLP FIRM PAYS REMUNERATION TO PARTNERS THEN TDS IS REQUIRED TO BE DEDUCTED FOR F.Y 24-25? AND YES THEN UNDER WHICH SECTION THE SAME IS TO BE DEDUCTED?

2. AND NEW SECTION (194T) FOR ABOVE PURPOSE IS APPLICABLE FROM WHICH DATE?

I am a partner in a business and all the investment belongs to the other partner. It is just an investment and our partnership share is 50%-50%. So can I get a salary from it?

Hi team ca club India,
We are from KNM India. I’m reaching out to check if you are accepting content from guest contributors on your website.
We are trying to establish ourselves as a helpful, trustworthy brand, and we think the best way to do that is through quality content.
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KNM India

Respected Members,

Following are my queries -

1) I want to surrender my Certificate of Practice. Kindly guide me about the forms, process, etc.
2) Is it required to delete ARCA account in Income Tax e-filing website ? If so, how to delete it ?
3) I have already obtained FCA. Will I be allowed to use FCA title afterwards as well ?

Request to answer asap.

Thanks in advance.

1. A US CITIZEN WHO IS PERSON OF INDIAN ORIGIN (POI) HAD INHERITED AGRICULTURAL LAND IN INDIA AFTER DEATH OF HIS FATHER. HIS AGRICULTURAL INCOME IN INDIA RECEIVED FROM YEAR TO YEAR IS CREDITED TO HIS NRO ACCOUNT AND ALSO DECLARED IN HIS INCOME TAX RETURN AS EXEMPT INCOME. CAN THE POI TRANSFER THE ACCUMULATED AGRICULTURAL INCOME IN NRO ACCOUNT FROM NRO ACCOUNT TO HIS NRE ACCOUNT.
CA SUNIL JAIN

Dear Sir
Can Registered Partnership Firm purchase and registered land and building (property) in its name.
If yes under which section of Partnership Act or any other Act.
Regards
K M Goyal

Dear Sir
Our partner ship firm is having property in their name.
we want to introduce partner in this firm.
please guide us whether further registration is required or not of the property under transfer of property act?
Thanks

Dear Sir,

One of my client needs to finally settle his PF Claims, request you to kindly advice which Form should be selected for Final PF Settlement. Awaiting for your kind response.

Warm Regards,
Aditya Ghatge

Dear Sir

Please advice, we purchase some grocery & vegetable for Our GOVT. HOSTEL from grocery store & vegetable shop. please advice TDS is applicable for such purchases.