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Tax Query: How to close HUF account with the I-T Department - The Hindu BusinessLine

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My friend is having an HUF account. Till 2016 he had business income in HUF. He has two sons and a spouse. Both sons are not interested in continuing the business, hence he wants to close his HUF account with the bank as well as the income tax department. Request your advice on how to close HUF account with the income tax department.
Pravin Shah
Hindu Undivided Family (‘HUF’) is dissolved only on the partition of property between the members. It is important to note that as per the provisions of section 171(9) of the Income-tax Act, 1961 (‘the Act’), partial partition of HUF is not recognised. Under the provisions of Act, partition means ‘full partition’. ....

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SBI customers alert! Earn more on fixed deposits under THIS scheme of State Bank of India, details here

SBI customers alert! Earn more on fixed deposits under THIS scheme of State Bank of India, details here
If a senior citizen is planning to open a new FD account, here is an opportunity to earn 0.80% more than a normal SBI FD investor.
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Updated: Jan 31, 2021, 10:23 PM IST
If a senior citizen is planning to open a new FD account, here is an opportunity to earn 0.80% more than a normal SBI FD investor. The State Bank of India (SBI) extended the special Fixed Deposit scheme for senior citizens from December 31, 2020 to March 31, 2021. As per SBI s official website sbi.co.in, a senior citizen will get 50 bps more than a normal FD investor while under Senior Citizen Special FD Scheme, the FD account holder will get an additional 30 bps FD interest rate. ....

Defence Services , State Bank , Fixed Deposit , Senior Citizen Special , Senior Citizens , Citizen Special , Undivided Family , பாதுகாப்பு சேவைகள் , நிலை வங்கி , சரி செய்யப்பட்டது வைப்பு , மூத்தவர் குடிமகன் சிறப்பு , மூத்தவர் குடிமக்கள் , குடிமகன் சிறப்பு , பிரிக்கப்படாத குடும்பம் ,