I am a chartered accountant in practice as sole proprietor. Recently I joined another CA as partner with 50% share. The partnership got dissolved due to death of my partner and I continued the firm as its sole proprietor. The partnership deed did not contain anything regarding payment of goodwill or sharing of profits after death of any partner. As a gesture of goodwill I want pay 50% of net income of this firm to the family of the deceased partner. What is the best way of payment of this income and what are the tax implications both to the firm and the recipient vis.a vis. this income