ICAI has issued an Important Clarification for Students required to appear for ICAI Articleship (Practical Training) Assessment Test:
CA Students may note that for the purpose of appearing in Practical Training Assessment test, the first/ second-year completion date would be calculated as one year/ two years after the date of commencement of practical training irrespective of excess leaves.
Example: If a student has commenced practical training on July 1, 2017, taken leaves from January 1, 2018, to February 1, 2018, his/ her first-year completion date for the purpose of assessment test would be considered as June 30, 2018, and second-year completion date as June 30, 2019.
However, in case of termination/ transfer, the time gap during transfer from one principal to another principal will not be included in calculating first/ second year of practical training.
For example: If a student has commenced practical training on July 1, 2017, taken transfer on January 1, 2018 and then joined new Principal on February 1, 2018, his/ her first year completion date for the purpose of assessment test would be extended to July 31, 2018, and second-year completion date as July 31, 2019.
More such Important Clarifications will be updated here on CA Students App.
Source: ICAI
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