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AMIT (CA STUDENTS) (412 Points)

29 May 2016

iam ipcc student and i get exmption in law paper in nov 14 but afterwards some major personal problem i not appper in may 15 exam and nov 15 exam and now i given may 16 exam with law exmption now i strongly belive that i have obtain exmption in taxation paper my query is can i claim taxation exmption in nov16exam because law exmption got over means law exmption not valid in nov exam can i claim tax exmption in nov 16 exam if i received tax exmption in this exam

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9 Replies

Prashant Hegde (Professional) (262 Points)
Replied 29 May 2016

Yes,, you can.

khushi sharma (student) (499 Points)
Replied 29 May 2016

yes u can bcoz exemption In each subject is separate from other result

Vinay somani (CA, CS) (Assistant Manager-Accounts) (549 Points)
Replied 30 May 2016

Yes u can avail exemption in taxation. u can avail only one exemption if u got exemption in different attempt in different paper.

CA ASPIRANT (STUDENT) (380 Points)
Replied 30 May 2016

If you have not appeared in law paper in may 16, u CANNOT CLAIM EXEMPTION in tax. For getting exemption one has to appear in all paper of that group.

Vinay somani (CA, CS) (Assistant Manager-Accounts) (549 Points)
Replied 31 May 2016

Dear CA Aspirant,

Sry bt u are not right.

IF i have alreday got exemption in one paper then why should i apper in that exam.

Appearance in all paper is compulsory when there is no exemption in any papers in past attempts.

but as per ICAI suppose u got exemption inn LAW in Nov. 2015 and exemption in TAX in MAY 2016. then u can allow to carryforward only any one exemption of these two.

but u got exemption in TAX & LAW in single attemp. then u can carryforward both of them

CA ASPIRANT (STUDENT) (380 Points)
Replied 31 May 2016

Mr. Vinay if u don't appear in law ppr in may 16 you will not get exemption in tax ppr only there is no question to carry forward anyone exemption

CA ASPIRANT (STUDENT) (380 Points)
Replied 31 May 2016

This the link

https://www.charteredclub.com/procedure-for-availing-exemption-in-ca-ipcc-ca-final-exams/

Pls refer 3rd or last FAQ regrading exemption in CA ipcc & Final in the given link. & Mr. Vinay it's ok even I used think the same. But hope now it's clear.

Dharmesh (Student) (1025 Points)
Replied 31 May 2016

Hi,

i agree with Vinay's view here...Sorry but these faqs seem personal inferences...kindly provide any offical article..

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 other paper in that group/unit will be given, even if you secure 60% or more marks in any other paper in that group/unit. You will not be eligible for any further exemption in the remaining paper(s) of that group until you have exhausted the exemption already granted to you in that group.(icai faq)

Vinay somani (CA, CS) (Assistant Manager-Accounts) (549 Points)
Replied 31 May 2016

Dear,

I have seen this kind of cases where my friends got exemption in one paper in one attemp and exemption in another paper in next attemp. in this case u have to select exemption in only one paper.

one of my friend got exemption in Accounts is CA Final 1st Group in May 2015 and exemption in LAW in Nov. 2015.

then in next attempt he select LAW as exempted paper.

So as my practical knowledge i am saying this.