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Practical training exemption in cma

deeraj (accountant) (45 Points)

21 May 2015

Hi,

Kindly let me know whether it is compulsary to submit present company's audited balance sheet to avail exemption from practical training in CMA.

I have 6 years of experience in accounts field. I dont think so company will give us audited balance sheet. Kindly suggest on the same.

Regards

Deeraj

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Deepak Gupta (CA Student) (15922 Points)
Replied 21 May 2015

Documents to be submitted along with Form T-3:
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1. Experience certificate (stating designation, area of work & duration), duly signed by the Competent Authority of the organization in which employed/were employed.
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2. Audited balance sheet of employers or any other proof of turnover (a letter mentioning the turnover of the company on the letterhead of the company, signed with seal).
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3. Copy of current salary slip duly attested by employer.
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- Source: ICwAI Link

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CMA Poornima Madhava (CMA) (13097 Points)
Replied 21 May 2015

As already replied by Deepak, those docs are required to be submitted online. You only need to upload a copy of the BS & P&L, If u request your employer and mention the purpose, they may give you.

In case, you are unable to get BS & P&L, you can ask your employer to provide a certificate mentioning the turnover of the company as already mentioned by Deepak.

Turnover required: for mfg company (1 crore & above), for service company (50 lacs & above). BS & P&L or certificate of turnover is asked for this purpose only.

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