Sec 194-IC is a withholding tax provision wherein it specifically deals with the deduction of tax at source (hereinafter referred as "TDS") on transfer of land or building or both by resident (hereinafter referred as "Act").

In this article, we focus on the recent judgment of the Bombay High Court in several writ petitions, on whether development charges are payable under the Maharashtra Regional Town Planning Act, 1966...

Section 6 of the Real Estate (Regulation and Development) Act, 2016 ("Act") permits the authority to grant extension of registration of a project to the Promoter under reasonable circumstances...

Prior to the introduction of the GST regime, service tax was not levied on transfer of development rights as the same was excluded from the definition of "service" being transfer of ‘title' in ‘immovable property', ...

In our earlier article titled, "Homebuyers now Financial Creditors: Too many cooks spoil the resolution process?", we analysed the impact of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, ...

The first ever amendment to the Limited Liability Partnership Act, 2008 ("LLP Act") will come into effect on and from 1st April 2022 onwards. The Limited Liability Partnership (Amendment) Act, 2021 ("Amendment") was notified on 11th February 2022...

B2C e-commerce, that is multi-brand retail through inventory based model, has all along remained prohibited for FDI.

This highlights the importance of having crystallized terms in respect of any lending in the absence of which a creditor may possibly not have recourse under the Code.

Personal guarantees are one of the most common contractual comforts which may be provided as part of the security package in a transaction to secure a debt availed by the principal debtor.

Raus Constructions Private Limited availed credit facilities from Indian Bank in 2012.

When Benjamin Franklin said "Time is Money" he certainly meant that time is a valuable asset and we must make it count.

With a view of ensuring the affairs of large public companies are conducted in a manner beneficial to the interest of the stakeholders and in accordance with law, Section 203 of the Companies Act, 2013, ...

The Ministry of Environment, Forest and Climate change (MoEF&CC), on 9th December, 2016 amended the Environment Impact Assessment Notification, 2006 issued under sub-section 1 read with section 3(2)(v) of Environment (Protection) Act, 1986 and Rule 5(3)(d) of the Environment (Protection) Rules, 1986.

Development of private vacant plots reserved for Municipal Retail Market by the owners.

Governments, regulators, citizens all over the globe are trying hard to coupe up with the effects caused by the deadly virus – COVID - 19, on the health of both individuals as well as the economy.

In a recent landmark ruling, the Supreme Court of India delivered a crucial interpretation of vicarious liability under Section 141 of the Negotiable Instruments Act, 1881

In a landmark order dated 6th September 2022, the Hon'ble Supreme Court of India laid down the paramount importance of considering the pending dues of the statutory authorities towards unpaid taxes ...

The Government of Maharashtra vide an Orderdated 15th January 2008 which was amended by another Order dated 6th January 2015 ("the said Orders"), has reduced the stamp duty by 50% (Fifty percent)...

Further, it was argued by the Petitioners that the said Circular was ultra vires the provisions of the BR Act and RBI Act.

In a recent judgement of Vistra (ITCL) India & Ors. Vs. Mr. Dinkar Venkatasubramanian & Anr., the Hon'ble Supreme Court of India ("Supreme Court") quashed the order passed by National Company...