A sales and purchase agreement (SPA) is a contract between buyer and seller of property that obliges a buyer to buy and a seller to sell a product or service. SPAs are found most often found in real-estate deals as a way of finalizing the interests of both parties before closing the deal. The sale agreement is […]
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Sample Property Tax Assessment Appeal Letter
It is very important that your property tax assessment is done with precision. But sometimes, you may come across some discrepancies which emerge in the process. In order to highlight these problem areas, it is must to write a formal property tax assessment appeal letter to the tax department as an appeal to conduct a […]
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Transfer of Bank Account to Another Branch Letter
Know how to write a formal letter to another branch of your bank for transfer of an account. It is a professional letter which must contain all essential information about the account and account holder in order to make the transfer convenient and quick. Here is a sample to help you draft a formal letter […]
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HRA (House Rent Allowance) FAQs
How to Calculate HRA Income Tax Exemption? According to section 10 (13A) of Income Tax Act, 1961 read with rule 2A of Income Tax Rules, least of following three is exempt from tax: 1. Actual HRA received 2. Rent paid in excess of 10% of salary (Basic + DA) 3. 40% of salary (50% if […]
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