ICAI Releases CA Final Nov 2024 Guidance Notes for Continuing the Exhausted Exemptions - Making Exemption/s Permanent
1. Those candidates who had secured the Exemption in November 2022 Examination which was valid till May 2024 Exam, will have the option for continuing the said exemption after the declaration of the May 2024 Result.
2. Exemption in any paper/s that has become exhausted upon declaration of the result of the immediately succeeding third exam will be shown to the candidates as per dates given in the Important Dates area at https://www.icai.org/post/exam-sep- nov-2024. (7th August 2024 to 26th August 2024)
3. The Candidate desirous of making the exhausted exemption permanent will have to apply for the same through their dashboard of SSP.
4. Candidates will get only ONE chance to make exemption permanent ( i.e. exemption secured in November 2022 and getting exhausted after conduct of May 2024 exam will be shown before the conduct of November 2024 exam as per specified dates and if not made permanent by the candidate during that period then that exemption will lapse forever)
5. If a candidate has exemption in two papers of the same group, for example, papers 1 and 2 of Group-I that are offered in this window, then, he/she has to apply either for making both exemptions (i.e.; paper-1 & paper-2 in Group-1) permanent or let both the exemption lapse. He/she cannot opt to continue exemption in one paper and let it lapse in the other paper.
6. Upon making an exemption Permanent for any group, the candidate will have to pass the relevant group with at least 50% marks in each of the remaining papers of that group. Refer Regulation 38D(8) For Final.
7. There will be no Correction Window or Window with Late Fee after the inputs are taken.
8. Candidates will have the option to surrender and re-appear in the exempted paper(s).
9. Candidates securing exemption in Paper-4 of Final in May 2022, Nov 2022, May 2023 or Nov 2023 exams will automatically get PERMANENT exemption from appearing in Self-Paced Module SET-A and need not apply.
10. Candidates securing exemption in Paper-5 of Final in May 2022, Nov 2022, May 2023 or Nov 2023 exams will automatically get PERMANENT exemption from appearing in Self-Paced Module SET-B and need not apply.
11. If there is a Permanent Exemption (PE) in a group, then, no new exemption will be granted in that group.
12. If a candidate opts for continuing the exemption after exhausting the same, then the Exempted Marks will be limited to 50 and excess marks of the permanent exempted paper cannot be considered for complying with the 50% aggregate marks requirement of the same or other Group.
Candidates are made aware in the announcement dated 24-08-2023 about exemption rules under the transition from old to new scheme. (Please read https://resource.cdn.icai.org/75658exam61200.pdf) The relevant mapping is given hereunder for ready reference
FINAL COURSE
|
Paper(s) under Existing Scheme |
Corresponding paper(s) under New Scheme |
|
Paper 1: Financial Reporting |
Paper 1: Financial Reporting |
|
Paper 2: Strategic Financial Management |
Paper 2: Advanced Financial Management |
|
Paper 3: Advanced Auditing and Professional Ethics |
Paper 3: Advanced Auditing, Assurance and Professional Ethics |
|
Paper 4: Corporate and Economic Laws |
Self-Paced Online Module SET A: Corporate and Economic Laws |
|
Paper 5: Strategic Cost Management and Performance Evaluation |
Self-Paced Online Module SET B: Strategic Cost & Performance Management |
|
Paper 6: Elective Paper |
Paper 6: Integrated Business Solutions |
|
Paper 7: Direct Tax Laws and International Taxation |
Paper 4: Direct Tax Laws & International Taxation |
|
Paper 8: Indirect Tax Laws |
Paper 5: Indirect Tax Laws |
For any clarification write to:
Final: final.exemption@icai.in
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