First I went to the Thane branch of the Institute. The man gave me ICAI no. and asked me to contact them. Nobody answered the phone. Then I asked him the directions for Colaba office and went there. There, the woman at the enquiry desk did not know anything about it. She was mumbling something like you can take the exemption of accounts and then in any one of the two subjects.
Then I asked another person at the enquiry desk, he said that I will get exemption only for accounts and not any other subjects. I asked him whether I can surrender the exemption in accounts and get the other two, he said no. He didn't even know that we can surrender exemptions. (I had surredered my exemption of accounts from first attempt, then I got exemption again in accounts the second attempt).
Later a CA final student told me that I can surrender my exemption in accounts for exemption in any one of the 2 subjects costing or tax, not both. He told that his friend had got exemption in accounts first, then he got exemption in costing next, so he surrendered the exemption in accounts and took for costing. I told him that he got in only one subject in the first attempt, but I've got in 2, still will I get exemption in only one of the two if I surrender accounts? He said yes.
Today morning I had talked with a friend who is in final. She told that if I surrender accounts, I'll get exempt in both costing and tax. I called her for the second time to confirm this, and she said yes.
In chartered club website, it's written that the rule is if we have to get exemption, we have to appear in all the subjects of that group. Since I didn't appear for accounts in the last attempt, I can't get exemption for the other 2 subjects.
In the Nov 12 attempt, my marksheet result was shown as 'F-EX' meaning that I've failed, but I've got exemption in a paper. Now, in May 13 attempt, my marksheet shows just 'FAIL'. When I asked my friend about this, she told that, it is assumed that I will be availing exemption in accounts, and not for the other subjects. But you can surrender your accounts exemption and claim the exemption for costing and tax.
This is all so confusing.
Does anyone have one definite answer for this?
CAclubindia
