Harsimran Singh (Student) (204 Points)
12 August 2011One of my friend acquired exemption in accounts in 1st grp of PCC in Nov 2010. Now in May 2011 he get exemption in Income Tax. In May 2011 attempt he claimed his exemption in accounts. Please tell me can he claim exemption in both subjects in Nov 2011 exams.
Please refer to any notification/announcement/rules from institute if you can.
Thanks in Advance
Savvy
(Student)
(87 Points)
Replied 12 August 2011
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 12 August 2011
yes he can claim exemption in both subjects
SAHIL
(Chartered Accountant/ CFP / B.com(AF)/ NCFM)
(760 Points)
Replied 12 August 2011
Hi Harsimran.......
There's no such announcement available, but its confirmed that as per the ICAI rules, any exemption in any exam can be carried forward for maximum 3 attempts succeeding the first one..............
So ur friend can claim the exemptions in Nov' 2011 too................
Mukesh Kumar Singh
(CA-FINAL)
(4094 Points)
Replied 12 August 2011
yes he can claim exemption in both subjects
CA SUNIL KALRA
(Senior Auditor)
(34 Points)
Replied 13 August 2011
I dnt aware abt any ntfctn/circlr reg. dis bt i hv seen d practicl case f dis issue,,,n in dat case d prsn as eligibl to clai exemptn in bth subjct so dre is ur case n u frnd can also go 4 availin exemptn in bth sujects....
i hope d reply is satisfactry frm mi side
gaurav
(CA Finale)
(226 Points)
Replied 13 August 2011
WHAT IF, someone gets exemption in 2 out of 4 papers in a Group of Final and 2 out of 4 papers in other Group,and still fail both d Groups..In such case will d exemption will hav to b opted for max. 1 paper of each Group respectively.So total only 2 papers can b exempted right????
hashmi
(tfhtyfyyr)
(21 Points)
Replied 15 August 2011
can we can claim exemption in 2 subject in pcc in second group if first group cleared earlier
peehu
(ipcc student)
(147 Points)
Replied 15 August 2011
i think ek exemption 3 attempt tak valid hota hai so he should get two subject exempted
CAclubindia
