COVID-19| ICAI grants exemption from completion of OC and ITT



Quick Summary
The Institute of Chartered Accountants of India (ICAI) has announced a one-time exemption for students due to COVID-19. Those who were meant to start practical training by 30th April 2020 but couldn't due to incomplete Orientation Course (OC) and IT Training (ITT) can now begin their training. However, they must complete both OC and ITT by 31st August 2020 to be eligible for the November 2022 final exams.

In the view of the spread of the novel coronavirus(COVID-19) the Insitute of Chartered Accountants of India(ICAI) made an announcement regarding exemptionfrom the completion ofOC and ITT before admission in practical training on or before 30th April 2020. Only those studentswho were to take admission in Practical Training on or before 30th April, 2020 but are not able to admit in Practical Training due to non-completion of Orientation Course and IT Training are covered under this exemption.
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FAQ :

ICAI has granted a one-time exemption from completing the Orientation Course (OC) and Information Technology Training (ITT) before admission to practical training.

Students who were scheduled to be admitted to practical training on or before 30th April 2020 but were unable to do so due to not completing OC and ITT are eligible.

Eligible students must now complete their Orientation Course and IT Training by 31st August 2020.

The original deadline for admission to practical training was 30th April 2020.

After completing the practical training and the deferred OC and ITT, students will be allowed to appear for the final examination to be held in November 2022.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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