Wheather working as an accountant in PARTNERSHIP FIRM is eligible for claiming exemption from 3years practical training of ICWAI??? Please give me a reply.
Hemant Kumar
(Accounts Manager MBA (Fin) CMA*)
(6450 Points)
Replied 07 January 2012
You will get exemption from undergoing practical training equivalent to your
working experience in the Organizations listed below provided you are
working/worked in the recognized areas listed below:
Organizations recognized for Training: (i) Central/State Government /
Semi-Government / Public Utilities (ii) Banks and other Financial Institutions
(iii) Insurance Company (iv) Public Sector Unit (v) Public Limited Company (vi)
Private Limited Company (vii) Information Technology Sector (viii) KPO / BPO
(ix) Stock Exchange (x) Universities, Management Institutes and any other
educational institute (xi) Limited Liability Partnership Firm (xii) Management
Consultancy Firms (xiii) NGO (xiv)Co-operative societies engaged in Banking
or Manufacturing and (xiii) Any other institution as approved by the Council
from time to time
Recognized areas for Training: (i) Cost Accounting (ii) Financial Accounting
(iii) Financial Management (iv) Auditing (v) Regulatory compliances (vi) Direct
Taxation (vii) Indirect Taxation (viii) Corporate Laws, Industrial Laws and
Commercial Laws (ix) Systems Analysis and Information Technology
(including ERP system) (x) Project Management (xi) Banking Operations (xii)
Insurance (xiii) Valuation (xiv) Financial Services (xv) Teaching in Finance,
Accounts, Costing, Taxation, Management and subjects covered in ICWAI
Syllabus (other than visiting faculty) (xvi) Management Consultancy Services
(xvii) Any other areas approved by the Council from time to time.
go through following link for more details.
srinivas
(Assistant account)
(21 Points)
Replied 02 February 2012
I am working at now charterted accountant pantership firm if I continue same firm its useful icwai for the perpose of examination pls give me good suggestion ...weather i ll be continue or not ..
sachin
(CMA Student)
(59 Points)
Replied 20 March 2012
dear sir
i m persuing CMA inter-I along with job as a Accountant in a pvt ltd co. whose turnover is above 25 cr..
my quistion is can i get an exemption for training for appearing Final exam in next year...?
sachin
(CMA Student)
(59 Points)
Replied 22 March 2012
sachin
(CMA Student)
(59 Points)
Replied 22 March 2012
harini but in prospectus there is a condition mention already that if any co. carrying any cost accountant as a admin. there then you can get an exemption . but in my co. there is not any such thing..
please clarify
sachin
(CMA Student)
(59 Points)
Replied 23 March 2012
@ harini i am bit confused about the line mention page no. 78 of prospectus there are three condition where i can get an exemption the last one is confusing that ANY ORGANISATIONS UNDER A PROFESSIONELY QUALIFIED PERSON. here what the meaning of professionaly qualified .
please clarify
sachin
(CMA Student)
(59 Points)
Replied 29 March 2012
sachin
(CMA Student)
(59 Points)
Replied 29 March 2012
sachin
(CMA Student)
(59 Points)
Replied 30 March 2012
thanks harini for give your valuable experince
definetly i would like to go for applying traning exemption...
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
