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EXEMPTION IN PRACTICAL TRAINING UNDER ICWA ?

Inderpal Singh (Accountant) (78 Points)

12 May 2010

DEAR ALL

I AM DOING ICWA... AND I AM INTO MY INTERMEDIATE...... DOING WELLL.............

BESIDES I HAVE WORKING EXPERIENCE FOR MORE THAN 4 YEARS IN FINANCE AND ACCOUNTS AND CURRENTLY ALSO WORKING AS AN ACCOUNTANT IN PARTNERSHIP FIRM.

THOUGH I HAVE CONFIRMED THAT EXEMPTION IN PRACTICAL TRAINING WILL BE THERE FOR ME BUT I WANTED TO CONFIRM THAT WHEN THE EXPERIENCE CERTIFICATES ARE TO BE SUBMITTED FOR EXEMPTION THE TRAINING ?

AND WHENEVER I WILL SUBMIT THEN WOULD I GET ANY ACKNOWLEDGEMENT FOR THE SAME THAT YOU ARE EXEMPTED FOR PRACTICAL TRAINING ?

PLEASE CONFIRM

INDERPAL SINGH

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4 Replies

CMA Arif Farooqui (Cost Accountant) (4798 Points)
Replied 16 May 2010

exemption is available, if turnover of last year is more than 5 crores of your employer. you have to fill form t-3.

you can find answer of all your question at institute site. go to student section in www.ICWAI.org

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Deepti (Service) (75 Points)
Replied 03 August 2010

hi,

i have cleared group1 of inter.I doing job in partnership firm in Accounts Dept.Shall i opt for practical training at this firm?

CMA Arif Farooqui (Cost Accountant) (4798 Points)
Replied 03 August 2010

check the following link.

https://www.icwai.org/icwai/students-SchemeforPracticalTraining.asp

Prashant Kundu (Executive Intern) (26 Points)
Replied 31 August 2011

Friends

I have recently joined a Financial Indtitution (2 weeks back) on a 3 years contract. I also plan to pursue ICWA and hence applied for postal coaching at NIRC. They asked me to submit a practical training fee of rs 1000.

I wanted to know whether i should also apply for exemption from practical training right now or first complete my Inter and final and by then my 3 years exp will also be over so submit my work ex certificate then

Prashant Kundu

9953130060