15 July 2008
hi... i am a CA final student. i Had exemption in MICS in nov 2006 attempt. Then i could not give may 2007 attempt. After that i gave nov 2007 and may 2008 attempts but didnt clear. Now wat is the position of my exemption in MICS? Further in May 2008 attempt i got 60 in indirect taxes. Wil i get exemption in indirect taxes???? I heard that one exemption is valid only for 3 attempts.
16 July 2008
SInce you are not able to clear in 3 attempt, hence your MICS exemption will lapse. But again u got exemption in IDT so u are eligible for exemption in IDT for next 3 attempt.
CAclubindia
