Chartered Accountants

NAVJ & Co.

New Delhi, India

TaxationAudit & AssuranceAdvisory

LitigationInternational Services

A multi-disciplinary practice for domestic and international clients.

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26+Years of Practice

Est. 2015Partnership Firm

Domestic & GlobalClientele

Practice Areas

Expertise

Six institutional disciplines. One integrated practice.

Taxation

Direct tax advisory, corporate taxation, and TDS consultancy. Representation and compliance support before revenue authorities. Strategic tax planning and transaction structuring.

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GST & Indirect Tax

GST litigation, departmental audit response, and appellate representation. Input tax credit optimisation and advisory across complex indirect tax matters.

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III

Audit & Assurance

Statutory, internal, and tax audits with rigorous compliance across Indian Accounting Standards (Ind AS) and evolving regulatory frameworks. Due diligence and risk assurance.

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Labour Law

Compliance and advisory under India's new Labour Codes, contract labour regulations, and employment dispute resolution. Statutory management including PF, ESI, and Professional Tax.

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Advisory

FEMA advisory, corporate structuring, financial system development, and Virtual CFO services. Counsel for businesses navigating regulatory and operational complexity.

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International Services

Foreign direct investment advisory, NRI taxation, transfer pricing, and cross-border structuring for international businesses establishing or expanding operations in India.

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Sector-Specific Advisory

Industry Focus

Providing professional services across key sectors of the Indian economy.

Manufacturing & Trade

Tax structuring, export incentives, and compliance for manufacturers and trading entities.

Real Estate & Infrastructure

GST advisory, project finance, and regulatory compliance for developers and infrastructure firms.

Public Sector & Government

Statutory audit, financial reporting, and grant compliance for government institutions.

International Entities

India entry advisory, FDI compliance, and cross-border tax planning for foreign businesses.

Corporates & Professional Services

Integrated audit, tax, and advisory services for mid-size and large corporates.

High Net-Worth Individuals

Personal tax planning, wealth structuring, and succession advisory.

Leadership

CA. Adeep Veer Jain

FCACMALLBB.ComDISA

Managing Partner

A Fellow Chartered Accountant with over 26 years of multidisciplinary experience, CA Adeep Veer Jain leads NAVJ & Co. as Managing Partner. Holding advanced qualifications in Law (LLB), Cost Accountancy (CMA), and Information Systems Audit (DISA), along with specialised certifications from ICAI, his practice encompasses corporate advisory, direct and indirect taxation, labour law, and audit assurance.

Under his leadership, clients receive complete, hands-on guidance across every aspect of their financial and regulatory obligations. From statutory audits of nationalised banks to representing clients before revenue authorities, he ensures that every compliance requirement is met with precision, so his clients can focus entirely on growing their business.

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Knowledge Centre

Insights & Updates

Regulatory analysis and professional commentary from our partners.

GSTJuly 2026

Zero-Rated vs Exempt Supplies Under GST: Why the Difference Matters for Input Tax Credit

Both zero-rated and exempt supplies can result in no GST being charged on the outward supply, yet they are treated very differently under GST law and the distinction directly affects Input Tax Credit. Under Section 16 of the IGST Act, exports and supplies to an SEZ developer or unit for authorised operations are zero-rated: they remain taxable supplies, so businesses can claim ITC on inputs, input services and capital goods, and, subject to conditions, a refund of accumulated ITC. Exempt supplies are different. Under Section 17(2) of the CGST Act, ITC is not available on inputs used exclusively for exempt supplies, and where a business makes both taxable and exempt supplies the credit must be apportioned under Rules 42 and 43 with the ineligible portion reversed. An exporter of software services can recover ITC on its procurements, while a hospital providing exempt healthcare services absorbs that GST as cost. Misclassifying a supply can lead to excess refund claims, wrong ITC availment, interest and penalties, so businesses with a mix of taxable and exempt supplies should periodically review their ITC apportionment.

TaxationJuly 2026

TDS on Rent: Same Transaction, Different Rules

TDS on rent is not a single provision. Under the Income-tax Act, 2025, all non-salary deductions are consolidated into Section 393, but rent continues to carry two distinct regimes depending on who is paying. A specified person, broadly a company, firm, LLP, or an individual or HUF crossing the turnover thresholds, deducts monthly at 10% on land, building, furniture and fittings and 2% on plant, machinery and equipment, deposits by the 7th of the following month, and requires a TAN. Any other individual or HUF deducts 2% flat, once in the last month of the tax year or tenancy, and reports through Form 141 without a TAN. The threshold is Rs 50,000 for a month or part of a month, not annual rent. Common errors include applying 10% to equipment hire, deducting on the GST-inclusive amount, and treating refundable deposits as rent, each of which carries interest and a 30% disallowance of the rent expense.

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