CA Student
15932 Points
Posted on 27 November 2014
An exemption is valid for three immediate succeeding exams. In your case, exemption in taxation paper is valid for Nov’13, May’14 and Nov’14 exams.
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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.
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Hence, you won’t be eligible for exemption in CAFM or any other Group-1 paper.
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- Read ICAI FAQs on Exemption (Refer Para 7 illustration, similar to your case.)