Exemption

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Bharat Khatri (Querist)
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27 November 2010 One of my ipcc frind had secured exemption in tax grp-I & in advanc a/c grp-II in nov 09 attempt & in 2nd attmpt securd exemption in a/c grp-I & cleard IInd grp, now in nov 10 he has givn costing & law grp-I his frnds says tht he wont get benifit of exemptn of a\c grp-I clrd in may 10 as per institute rule tht exemptn of previou atmpt must be exausted.kindy answer wheter he wil get benifit of a\c grp-I in nov 10.

Ajay Mishra

Ajay Mishra (Expert)
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27 November 2010 Hi

A candidate who fail one or more papers comprised in a group but secure a minimum of 60 % of the marks in any paper or papers of that group shall be eligible to appear at any one or more of the immediately next three following examinations in the paper or papers in which he secured less than 60% marks. He shall be declared to have passed in that group if he secure at one sitting a minimum of 40%marks in each of such papers and a minimum of 50% of the total marks of all the papers of the total group including the paper or papers in which he secured a minimum of 60% marks in the earlier examinations referred above. He shall not be eligible for further any exemptions in the remaining papers of that group until he has exhausted the exemption already granted to him in that group.

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Bharat Khatri

Bharat Khatri (Querist)
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27 November 2010 Thank for reply, but i am stil unresolvd.... i want to kindly ask u wheter he shal apper for a\c grp-I papr where he got 63 marks in 2nd attempt & he has also got 65 marks in tax grp-I in first attmpt.

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Bharat Khatri

Bharat Khatri (Querist)
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