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Plz help regarding direct entry

Aalam Shaikh (CSR) (49 Points)

18 August 2012

Plz help me.

As per the new amendment CPT is exempted for graduates wid more than 55%..

Now what does it mean will they only look for TYB.com marks or aggregate of FY, SY and TY should be 55%

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7 Replies

Balamurugan.m (Audit Asst.) (151 Points)
Replied 18 August 2012

Dear Even m also having same doubt..,

As per notification of ICAI -

Exempted Categories:

The following categories of students shall be exempted from passing the Common

Proficiency Test (CPT):-

(A) Graduates or Post Graduates in Commerce having secured in

aggregate a minimum of 55% of the total marks or its equivalent

grade in the examination conducted by any recognised University

(including Open University) by studying any three papers of 100

marks each out of Accounting, Auditing, Mercantile Laws, Corporate

Laws, Economics, Management (including Financial Management),

Taxation (including Direct Tax Laws and Indirect Tax Laws), Costing,

Business Administration or Management Accounting;

Graduates or Post Graduates other than those falling under

Commerce stream mentioned above having secured in aggregate a

minimum of 60% of the total marks or its equivalent grade in the

examination conducted by any recognised University (including Open

University).

Milan Somani (CA) (1456 Points)
Replied 18 August 2012

‎55% in aggregate of the three years studied

Harish Kumar (IPCC) (475 Points)
Replied 18 August 2012

Originally posted by : Aalam
	Plz help me. As per the new amendment CPT is exempted for graduates wid more than 55%.. Now what does it mean will they only look for TYB.com marks or aggregate of FY, SY and TY should be 55%

AS per ICAI notification Commerce Graduate can apply for IPCC....condition is that

if you have 54.50% you are eligible for IPCC....becz......

"any fraction or half will be included in next of the whole number"

that means if you have 54.50% it can taken for 55%......& you are eligible......!!

Milan Somani (CA) (1456 Points)
Replied 18 August 2012

Harish Kumar (IPCC) (475 Points)
Replied 19 August 2012

Originally posted by : Milan Somani

i have many doubts about the direct entery ........for commerce graduate

1st) What is orientation Program........& where it can be done

2nd) Can i give only one Group of Ipcc Or is it Compulsory to give Both group of IPCC

3rd) Can i give only 1st Group of IPCC without doing articleship or ITT

4rth) how can i take 9 months of articleship becz if i join articleship from 1st of october 2012 to may 2013 = only 8 months so how it can be a 9 months

5th) please tell me the fees detail for me....how much i have to pay......becz i already registered for CPT in July 2012....so what procedure i have to follow.......

Please......Please........Clear All my doubts.........!!

Milan Somani (CA) (1456 Points)
Replied 19 August 2012

Originally posted by : Harish Kumar
	Originally posted by : Milan Somani i have many doubts about the direct entery ........for commerce graduate 1st) What is orientation Program........& where it can be done 2nd) Can i give only one Group of Ipcc Or is it Compulsory to give Both group of IPCC 3rd) Can i give only 1st Group of IPCC without doing articleship or ITT 4rth) how can i take 9 months of articleship becz if i join articleship from 1st of october 2012 to may 2013 = only 8 months so how it can be a 9 months 5th) please tell me the fees detail for me....how much i have to pay......becz i already registered for CPT in July 2012....so what procedure i have to follow....... Please......Please........Clear All my doubts.........!!

1 You will know about orientation program when you take entry to CA course.

2. Its upto u, you can either girve one Group of Ipcc Or Both group of IPCC

3. No

4. you will come under exempted category mentioned at the end of infographic.

5. You have to pay conversion fee, details are hosted on institutes website.

1 Like

Madhumathi (Confidence BOSS !!) (152 Points)
Replied 20 August 2012

Originally posted by : Milan Somani
	Originally posted by : Harish Kumar Originally posted by : Milan Somani i have many doubts about the direct entery ........for commerce graduate 1st) What is orientation Program........& where it can be done 2nd) Can i give only one Group of Ipcc Or is it Compulsory to give Both group of IPCC 3rd) Can i give only 1st Group of IPCC without doing articleship or ITT 4rth) how can i take 9 months of articleship becz if i join articleship from 1st of october 2012 to may 2013 = only 8 months so how it can be a 9 months 5th) please tell me the fees detail for me....how much i have to pay......becz i already registered for CPT in July 2012....so what procedure i have to follow....... Please......Please........Clear All my doubts.........!! 1 You will know about orientation program when you take entry to CA course. 2. Its upto u, you can either girve one Group of Ipcc Or Both group of IPCC 3. No 4. you will come under exempted category mentioned at the end of infographic. 5. You have to pay conversion fee, details are hosted on institutes website.