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exemption

Divya (st) (62 Points)

21 July 2018

i availed my sfm exemption of nov 17 in may 18 exams, now if i got exemptn in fr , do i have a choice of availing exemption in fr or sfm or icai will not allow me to avail fr exemptn by dropping sfm exemption

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(Guest)

Please refer ICAI Notification

https://resource.cdn.icai.org/24309announ14197.pdf

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 21 July 2018

u can take ONLY one exemption either sfm or fr

best of luck !!

Divya (st) (62 Points)
Replied 21 July 2018

i know i can take only one my q is whther i can drop sfm exemption and avail fr exemptn...

saurabh (Article ) (73 Points)
Replied 21 July 2018

yes,u can drop sfm exemption and avail fr exemption. u have a choice to decide,but not both

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 21 July 2018

it is your choice .... how can u ask here

this should be your decision

Divya (st) (62 Points)
Replied 21 July 2018

vi. As long as exemption in one or more paper(s) of a group/unit, brought
forward from an earlier attempt is subsisting, no further exemption in
any paper in that group/unit will be given, even if one secures 60% or
more marks in any paper in that group/unit. what do i mean by this...

Pratik Mahajan (student) (83 Points)
Replied 21 July 2018

u dont have choice.....ICAI will allow u the earlier exemption only...

Rahul (CA Final) (399 Points)
Replied 21 July 2018

only sfm exemption will be carried forward till may 19..and u can't get anymore exemption now in first group..only choice is that u can surrender ur sfm exemption that too before filling ur exam form and that's a big risk