ICAI waives off condonation fees w.e.f. 1st November till 31st December 2020

Last updated: 02 November 2020

Quick Summary
The Institute of Chartered Accountants of India (ICAI) has announced a waiver of condonation fees for students, articled assistants, members, and firms. This decision, effective from 1st November to 31st December 2020, aims to alleviate difficulties faced in online application submissions due to the ongoing COVID-19 situation. The waiver also covers transactions dated between 1st April 2020 and 31st December 2020.

The Institute of Chartered Accountants of India has decided to waive off condonation fees w.e.f 1st Nov 2020 till 31st Dec 2020 due to the difficulties being faced by such Students, Articled Assistants, Members & Firms. Read the official announcement below:

M&C-MSS SECTION
The Institute of Chartered Accountants of India
31st October, 2020

Important Announcement

Amid the current situation arising out of Covid-19, it is observed that some of the students, Articled Assistants, Members & Firms are still facing difficulties in online filing of prescribed applications Forms for various activities due to unfavorable situation.

Further, delay in submission of online application Forms is attracting levy of Condonation fee under the relevant Regulatory Provisions creating hardship for them.

Considering the difficulties being faced by the such Students, Articled Assistants, Members & Firms, it has been decided to waive-off condonation fees w.e.f. 1st November till 31st December 2020. While the said relaxation has been made applicable w.e.f. 1st November 2020; all transactions bearing transactions date falling between1st April 2020 to 31st December 2020 shall also be considered under this scheme.

This period includes one-month prescribed time limit given in general.

Additional Secretary
M&C-MSS SECTION

FAQ :

ICAI is waiving condonation fees.

The waiver is effective from 1st November 2020 until 31st December 2020.

Students, Articled Assistants, Members, and Firms are eligible for this waiver.

The waiver is due to the difficulties faced by students, articled assistants, members, and firms in online filing of applications because of the COVID-19 situation.

Yes, all transactions with dates between 1st April 2020 and 31st December 2020 will be considered under this scheme.



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