CA Nitin Wadhwani's Expert Profile

Queries Replied : 1213

About me

Hi Friends..

I m working with Deloitte Haskins & Sells as an Assistant Manager in International Tax.

I cleared my CA-Final examination in May 2012 scoring 70.125% and securing All India Rank (AIR) 12. I cleared my Professional Competence Examination (PCE) in November 2009 scoring 73.50% and securing All-India Rank (AIR) 3 & 1st in WIRC. I cleared my Common Proficiency Test (CPT) in November 2007 scoring 80.50% & securing 20th Rank in India.

I have done my Industrial Training from Credit Agricole - Corporate and Investment Bank as a Credit Analyst.

I have done my Articleship from CA. Vinod Dhankani & Co. working and handling Audits, Returns and other compliances in areas of Indirect Tax, Direct Tax, Bank Audits & Company Law (ROC).

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DINESH K SHAH says : DEPRECIATION ON REVALUATION RESERVE
YES - I KNOW THAT U REPLLIED TO ME. SORRY TO DISTRUB AGAIN. I WANT YR REPLY ON THE COMMENT OUR FINANCE MANAGER AS 6 – Depreciation Accounting of ICAI has been revised W.E.F 1-4-2008 with the objective of aligning the Indian GAAP with IFRS. And as far as IFRS is concerned depreciation on revalued assets should be charged to P&L. For your kind reference a publication by Ernst & Young is attached; please go through section 4.7 in Page 29.Other wise you can go to IASB website for official pronouncement. Often this CA CLUB INDIA provides wrong advises as there is obligation on their part

CA Nitin Wadhwani says : Rep
U Can See The Balance Sheets Of Larsen & Tourbo(US) And ICICI Bank And Then Comment.

DINESH K SHAH says : DEPRECIATION ON REVALUATION RESERVE
FOLLOWING COMMENT GIVEN BY BY ONE OF OUR FINANCE MANAGER. PLS COMMENT. AS 6 – Depreciation Accounting of ICAI has been revised W.E.F 1-4-2008 with the objective of aligning the Indian GAAP with IFRS. And as far as IFRS is concerned depreciation on revalued assets should be charged to P&L. For your kind reference a publication by Ernst & Young is attached; please go through section 4.7 in Page 29.Other wise you can go to IASB website for official pronouncement. Often this CA CLUB INDIA provides wrong advises as there is obligation on their part

RABINDRA NATH RAY says : Compulsory E - Return for all u/s 44AB
CAN YOU PLEASE GIVE THE CIRCULAR NO. FOR Compulsory E - Return for "all" those who are liable for audit u/s 44AB.