We are a family of strong 800+ people including 480+ professionals working from 14 locations across India.
We have a rich heritage and enduring legacy which are pivotal in shaping trust, excellence, and unparalleled legal expertise, thus building a strong reputation and a trusted brand.
We started in 1985 in a single room set up by the two founders with no prior experience of working in a law firm. Both the founders had outstanding academic records and focused on their deep understanding of the law to form the foundation of the firm.
Integrity, Knowledge and Passion are the principles that resonate with every member of our LKS family and the work that we do. These values drive us to build a community of legally sound professionals and well-serviced clients.
Everything we have accomplished over the last four decades is a result of our unique way of thinking which is deeply influenced by our core values and principles that define us.
We and our professionals consistently garner appreciation for the quality of our services and the depth of our legal expertise. This consistent acknowledgment serves as a testament to our unwavering commitment to exceed expectations.
We believe in empowering clients with knowledge. Through insightful seminars, webinars and trainings, we share our experience to help companies understand the ever-evolving legal landscape and issues that are shaping businesses globally.
To know more about the events listed below, you may send a mail to events@lakshmisri.com.
During the period between 2007 and 2012, many companies were raising capital by issuing shares at a huge premium. The Income-tax department had re-opened assessment of all such companies that had issued shares at a price higher than the book value of the company. In many cases, the return was processed u/s 143(1) of the Income-tax Act, and hence the Revenue Authorities claimed the reopening of assessment to be in due compliance of law.
National Tax Conference being organized by AIFTP, RBA & MTB
Lakshmikumaran & Sridharan Attorneys is participating as one of the Session Partner in National Tax Conference being organized by All India Federation of Tax Practitioners(SZ), Revenue Bar Association- Chennai & Madras Tax Bar
Section 206C(1G) of the Income-tax Act, 1961 (‘IT Act’) introduced by the Finance Act, 2020, provides for Tax Collection at Source (‘TCS’) on (i) foreign remittance under the Liberalised Remittance Scheme (LRS) in excess of INR 7 lakh per year, and on (ii) sale of overseas tour program package. The Finance Act, 2023, (i) increased the rate of TCS from 5% to 20%, and (ii) removed the threshold of INR 7 lakh for triggering TCS on LRS. These amendments were to take effect from 1 July 2023.
Supreme court upholds pre-import condition under Advance Authorisation
In a landmark judgment, the Apex Court has set aside Gujarat High Court judgement with respect to fulfilment of pre-import condition under the Advance Authorisation Scheme as contemplated in Notification No. 79/2017-Cus., dated 13 October 2017. As a result, assessees who had claimed IGST exemption on imports during the period from 13 October 2017 to 9 January 2019 may be required to surrender the same.
IT Intermediary Amendment Rules 2023 For Online Real Money Gaming
Taking into account the inputs received from various stakeholders, the Central Government has notified the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Amendment Rules, 2023
The much-awaited Foreign Trade Policy 2023 intends to modify various export promotion schemes and procedures for export and import. The Finance Act, 2023 has proposed changes to the Manufacture & Other Operations in Bonded Warehouse (MOOWR) Scheme. Additionally, an Amnesty Scheme has also been introduced for regularizing the Export Obligation defaults under Advance Authorisation and EPCG Scheme.
Lakshmikumaran & Sridharan Attorneys (LKS) is organizing a webinar on “Budget 2023 – A Deep Dive into the Tax Proposals” for an in-depth analysis of the important proposals made in the Budget 2023 and various hits & misses. The discussion would include examination of legislative history, interpretation by Courts, the need for amendments, as well as the implication of the amendments on past and future transactions.
Morning briefing on Competition Law & Data Protection
This session will deep dive into the impact of the recent Competition Commission of India’s (CCI) judgments penalizing major digital/tech. companies for antitrust violations. These judgments mark a first in a series of several investigations into the conduct and business practices of digital market companies in India. The CCI has directed major behavioral changes and imposed prohibitive penalties.
-1726599325.webp)
