Re: BDA Auction Procedure
Posted: November 8th, 2013, 11:47 am
Thank you for sharing very valuable information. As Iam very new to this I ahve couple more questions:
After winning in auction and payment of 75%, what is the process?
Will it be a normal registration from bda or will it be allotment letter?
If its normal registration, should the buyer need to ararnge for registration?
Registration fees and all the bribes at registration office etc., should be handled by buyer ?
As per rules buyer has to deduct 1% TDS for transaction above 50L. So should buyer deduct this from 75% payment to BDA
For paying the tax buyer needs BDA PAN number. Will it be given by BDA?
Regards
Suresh
After winning in auction and payment of 75%, what is the process?
Will it be a normal registration from bda or will it be allotment letter?
If its normal registration, should the buyer need to ararnge for registration?
Registration fees and all the bribes at registration office etc., should be handled by buyer ?
As per rules buyer has to deduct 1% TDS for transaction above 50L. So should buyer deduct this from 75% payment to BDA
For paying the tax buyer needs BDA PAN number. Will it be given by BDA?
Regards
Suresh