Exemption- practical training in icwai

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Janmeet (Querist)

13 August 2013 Hi,

I am working as an accountant in one of the export houses in New Delhi.

I would like to pursue ICWAI.

My question is- The company I work for is proprietorship with turnover in excess of Rs. 10 crores.

My tenure has exceeded 3 years.

Would I be eligible for exemption from practical training.

It is almost impossible for me to leave my current job and I also want to do a professional course.

Your knowledgeable inputs would be really appreciated.

Thanks in advance.

Janmeet

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

13 August 2013 As per FAQ on practical training issued by the institute, there is a point of

1.Any other organization with a turnover of Rs. 50 Lakhs in case service sector or Rs. 1 crore in case of other than service sector.

so my view any other organisation includes Proprietorship also. how ever you can take confirmation from institute training department and apply for exemption

Janmeet

Janmeet (Querist)

14 August 2013 Thank you for your valuable input

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