Relating to Group 2 Inter Unit 10

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Bhushan Kalbavi (Querist)
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07 July 2023 Hai Team
I had written 2nd group inter exam under unit 10 scheme and had exemption in Paper 8 FM and Economics by writing unit 10. In my May 2023 attempt I got exemption in Paper 5 Advance Accounting.
Can I claim exemption on Paper 5 Advance Accounting for November 2023 exam?
Kindly clarify. Your clarification will be helpful.
Thank you.

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
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10 July 2024 In the CA Inter exams conducted under the Unit Scheme, the exemption rules are specific and depend on the subjects in which you were granted exemption previously. Here’s how it generally works:

1. **Exemption Criteria**: To claim exemption in a subsequent attempt, you typically need to fulfill the following criteria:
- You must have secured a minimum of 60 marks in the paper(s) in which you seek exemption.
- The exemption is valid for the next three consecutive exams from the date of the declaration of results in which the exemption was granted.

2. **Validity Period**: Exemption is valid for the next three attempts (including the attempt in which you were granted exemption). This means if you were granted exemption in May 2023, it will be applicable for the November 2023 attempt as well.

3. **Paper Specific**: Exemption is specific to the paper in which it was granted. For example, if you were granted exemption in Paper 5 (Advanced Accounting) in May 2023, you can claim exemption for the same paper in subsequent attempts within the validity period.

4. **Unit Scheme**: Under the Unit Scheme, exemptions are granted based on securing a high score (generally 60 or more) in certain units of the syllabus. If you have successfully secured exemptions previously under this scheme, you can continue to claim those exemptions for subsequent exams within the permitted timeframe.

**Conclusion**:
Yes, you can claim exemption on Paper 5 (Advanced Accounting) for the November 2023 exam, provided you meet the criteria mentioned above and the exemption was validly granted to you in your previous attempt (May 2023). Ensure you check the specific details related to exemptions on the ICAI portal or contact the ICAI helpline for any additional clarification or updates specific to your situation.

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