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Urgent about exemption

Shivam (CA Final student) (159 Points)

18 August 2011

Hei Friends

I have Exempted Costing & FM in MAy 2010 and then in Nov 2010 I secured 66 marks in PCE

For the PCE May 2011 exam i filled for IT SM only since Exemption is eligible for 3 attempts

Unforunatiely I got only 35 marks in IT & SM.......... bt ma results shows Absent for Taxation paper which was exempted in nov 2010

IS this wrong......???????? or my exemption is forfeited........????????

plz help me..........

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4 Replies

RAVI TEJA S (student) (706 Points)
Replied 18 August 2011

TO THE BEST OF MY KNOWLEDGE YOU CAN CLAIM EXEMPTION FOR ONLY ONE SUBJECT. PLEASE CONFIRM.

RAVI TEJA S (student) (706 Points)
Replied 18 August 2011

So now you have to write both tax and it papers. Please make sure. Don't take risk:)

SREEJITH S NAIR (FINAL STUDENT) (46 Points)
Replied 19 August 2011

As per my knowledge u can claim only one exemption. If u get exemption in single sitting u can claim both, otherwise u can claim only one ie costing exemption since u have not surrendered it. Pls contact ur nearest ICAI branch

in my opinion it is better .

Pratik Dedhia (JOB) (51 Points)
Replied 19 August 2011

This incident happended with my friend in ca final too. according to icai u can claim only th exemption which u secured earlier examination in a particular group in ur case which happens to b may 2010.