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Practical training exemption help??

CMA (Inter / Final) 913 views 3 replies

sir

i cleared my inter in june 2012 and will be appearing for final in december 2013.

i have been working in a transport organisation since august 2011 which has annual turnover of more than 50 lacs..

so can i claim exeption for practical training and appear in dec 2013.

thank you

Replies (3)

Yes an Organisation in Service Oriented Industry, Should have its T/o of Gross Receipts above 50 Lakhs for the Previous FY as per their Audited Accounts, & you will be Granted Exemption from Practical Training in ICWAI.

Exemption will be for the Equivalent Period of Your service 

i have been working as an accountant...

what is the funda of industrial training??


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