Can a bank take the responsibility of distributing the money by demand drafts to all the legal heirs from an account where the first holder has expired and there is a joint holder, who is one of the legal heirs.

Sir/Mam,

one person starting New business Chocolates and Pastries , what registration required for this business in small basis


Thanking you,

Can anyone please guide me which Schedule and Trade name to select while registering on chennaicorporation.gov.in for an architectural partnership firm in Chennai?

They are also in the business of operating franchise food outlets

For architecture work, the closest I could find was in Schedule - I as 'All kinds of engineering works' but I'd love to know from practitioners who are in Chennai who can perhaps better guide me in this

We have deducted TDS amount 1% as per the sale deed.
we have received the short deduction letter.
Due to inoperative PAN department has raised notice to deduct 20% TDS.
Now seller have linked PAN with Aadhar then whom to send an email. anywhere in IT or TDS portal shall we update.

If we made payment of rs 10 lakhs in single cheque for construction in trust then tds is applicable or not? if applicable then under which section and what is the threshold limit for the same?

Hi.
My sister is an NRI. Can she pay her education loan emi directly to her Indian Loan account? If not, should she open an NRO/ NRE account for this purpose? Also are there any tax implications. (The account will be used only for repayment of loan emi)

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.
If you do publish content from guest authors, I would love an opportunity to be one of them.
I don’t mind discussing topics that are good fit for your audience.
Looking forward to your thoughts,
KNM India