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Exemption clause

Swathi hebbar (CA Final) (257 Points)

18 April 2012

Dear Friends,

i had cleared ipcc 1st group in Nov 2011. in first group i secured an exemtion in law. now in may 2012 i am going to appear for 2nd group. IF i secure an exemtion in any one of the three subjects , is that exemption counted by ICAI or not.

Regarding this i raised a query to e-sahayata also, but i dint got appropriate reply. They are telling as after securing an exemtion you will not be eligibile for one more exemption in the same group.

but here i am asking about second group.

pls help me...

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8 Replies

Raman Aggarwal (Expert) (363 Points)
Replied 18 April 2012

I THINK U R RIGHT BECOZ U HAVE ALREADY CLEARED GRP -1

Swathi hebbar (CA Final) (257 Points)
Replied 18 April 2012

then, if i secure an exemtion will it be counted ???

abcde (Practice) (116 Points)
Replied 18 April 2012

Originally posted by : Swathi hebbar
	then, if i secure an exemtion will it be counted ???

Hope the attachment from ICAI's site helps.

Attached File : 126079 966977 exemptions .pdf downloaded: 169 times

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CA M.NAGARJUNA REDDY (CHARTERED ACCOUNTANT) (591 Points)
Replied 18 April 2012

Hai Swathi...!!!

There is group wise exemption like group wise result.

In your case, You had already cleared grp-I.

So, if you got any exemption in the second grp, definitely you can claim in the next attempt.

CA M.NAGARJUNA REDDY (CHARTERED ACCOUNTANT) (591 Points)
Replied 18 April 2012

ICAI also correctly said in a reply to you.

As, if you got any exemption in one of the subjects in one grp, then if you got exemption in another subject of the same grp in the next attempt, then you can not claim that 2nd exemption as you have already claimed one sub exemption in that grp in the previous attempt.

If you got 2 subjects in the same grp as exemption in single attempt, then you can claim 2 sub. as exemption in the next attempt.

I hope it is clear..!!!

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Swathi hebbar (CA Final) (257 Points)
Replied 18 April 2012

thanks alot for replies.

CA PRAVEEN SINGH (MANAGER ACCOUNTS) (2277 Points)
Replied 19 April 2012

OK...RIGHT EXPLAIN ABOVE..

DO NOT THINK ABOUT EXEMPTION.

THINK ABOUT PASS ,& HOW TO PASS

Prasanna Parab (3 Points)
Replied 05 February 2017

Sir i have got 2 exmptions in group 1 having 69 and 64 marks.So to pass in next attmpt i should get minimun 50% i.e 100 marks in remaining two papers...?