By Anup Koushik Karavadi
The land-population disparity heralded great demand in the real estate sector in India. This demand clubbed with the dearth of a proper vigilance mechanism ramified the real estate sector into a money minting ground.
Conscious of the growing need to regulate the real estate sector and regulated private participatio...
By Kritika Krishnamurthy
Real estate is the second largest employer after agriculture and is slated to grow at 30% over the next decade. The Indian real estate market size is expected to touch $180 billion by 2020[see end note 1]. The sector has attracted a host of major Indian businesses in the last few years but continues to remain largely unorganized and poorly regulated with no technical...
By Shagun Jain
The real estate sector in India, despite its large size and numerous players still remains outside regulatory purview and discipline and continues to be in the unorganized sector. One sided contracts in favor of the builder, large cash transactions, lack of standardization and quality and delay in delivery of completed projects continue to plague this unorganized sector. The Ce...
By Chetan Agrawal & Tushar Aggarwal
The Supreme Court in the case of Larsen & Toubro Limited & Anr v. State of Karnataka & Anr.[ see end note 1] (hereafter referred to as ‘judgment’) has re-affirmed and upheld the legal position earlier taken by the Division Bench of the Supreme Court in the case of K. Raheja Development [ see end note 2 ]. Further, the Supreme Court upheld the Constitution...
By Narendra Singhvi & Chetan Agrawal
International transactions involving provision of services now revolve around the concept of place of provision of service. Service tax is imposed under Section 66B of the Finance Act, 1994 where the provision of service is from one person to another and the place of provision is in the taxable territory. The place of provision of a service is determinabl...
The Confederation of Real Estate Developers’ Association of India (CREDAI) will be organising its two-day Conference “EASTCON 2014” in Kolkata on 21st & 22nd of March 2014.
Mr. V. Lakshmikumaran, Managing Partner, Lakshmikumaran & Sridharan will be speaking in this conference on taxation relating to real estate sector.
The conference will cover discussions on :
Taxation : Service Tax & I...
The Institute of Business Laws, in association with Lakshmikumaran & Sridharan, is organizing a seminar on ‘Works Contracts, EPC Contracts & Construction Contracts – VAT & Service Tax Issues’ on 20th November, 2013 in New Delhi.
This seminar is intended to guide service providers, works contractors, EPC contractors, real estate developers & builders, manufacturers engaging contractors and ent...
30th November, 2011
SEBI has clarified that PEs raising funds from abroad will not be covered under the proposed regulations for Alternative Investment Funds (AIF). A concept paper and draft of the proposed regulations covering AIF were released by SEBI in August, 2011.
The proposal envisaged registration and compliance requirements for AIF defined as ‘pooling or raising of private capital...
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