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CA OLD SYLLABUS TO NEW SYLLABUS

Written by CA Satish Jalan | Feb 18, 2022 12:17:56 PM

What are the basic criteria to get an exemption if you are an old syllabus student and transferring to a new syllabus?

 

Now, let’s first understand the basic criteria for getting Exemption.

 

Criteria for obtaining an exemption

 

Whether a student is appearing for a single group or both groups and somehow he/she didn't clear the exam but got 60% and above marks in any particular subject, then he/she is eligible to get an exemption in the next term in that particular subject only. 

 

Each group is treated separately. Exemption of one group doesn’t affect the exemption of another. 

 

Exemptions are automatic and they will be indicated via sign available on the mark sheet. It becomes easy to understand. But they are valid for only three immediate succeeding exam terms. Keep this mind that by any chance exemption will not be carried forward beyond three attempts in any case. So try to clear it within these 3 consecutive terms. Also, while filling out the form for the next term, do provide the details of the exemption provided by the Institute. 

 

Most of the students who aim for the rank, think about surrendering their exemption because if you avail exemption in any subject then you are not eligible to receive any rank. In order to achieve rank, you need an overall aggregate and that also without any exemption.

 

Now, that we have understood all the basic criteria. Let’s understand this if you are an old syllabus student and converting to a new syllabus and having doubts whether your exemption will be carried forward to the new syllabus or not. You don’t have to worry, here you will get to know in detail about that.

 

 IPCC & CA Inter 

 

Exemption granted in papers of IPCC exam

Exemption granted in papers of CA Inter exam

Group I- Paper 1: Accounting

Group I- Paper 1: Accounting

Group I- Paper 2: Business Laws, Ethics and Communication

Group I- Paper 2: Corporate & Other Laws

Group I- Paper 3: Cost Accounting and Financial Management

Group I- Paper 3: Cost and Management Accounting

AND

Group II- Paper 8: Financial Management & Economics for Finance

Group I- Paper 4: Taxation

Group I- Paper 4: Taxation

Section A: Income Tax Law

Section B: Indirect Taxes

Group II- Paper 5: Advanced Accounting

Group II- Paper 5: Advanced Accounting

Group II- Paper 6: Auditing and Assurance

Group II- Paper 6: Auditing and Assurance

Group II- Paper 7: Information Technology & Strategic Management

Section A: Information Technology

Section B: Strategic Management

Group II- Paper 7: Enterprise Information Systems & Strategic Management

Section A: Enterprise Information Systems

Section B: Strategic Management

 

 

Now, let’s take that you have cleared any particular group and switch to a New syllabus with the remaining group in which you have exemption what it will look like:

 

 

Group Passed in IPCC

Group to be Passed in CA Inter

Students who have passed Group–I

To pass Group-II of Intermediate examination excluding Paper no. 8 of Group-II of Intermediate examination ( Unit 10 i.e. Paper 5, 6, and 7 of Intermediate examination-New Syllabus )

Students who have passed Group–II

To pass Group-I of Intermediate

examination.

 

CA Final

 

Students who have received an exemption in any of the papers under the old syllabus, if converted to a new syllabus then will have an exemption in these corresponding papers under the new syllabus.

 

Let’s see:

 

Papers granted exemption under the CA Final Old Scheme

Papers to be granted exemption under the CA Final New Scheme

Group–I

Group–I

Paper 1:Financial Reporting

Paper 1:Financial Reporting

Paper 2:Strategic Financial Management

Paper 2:Strategic Financial Management

Paper 3:Advanced Auditing and Professional Ethics

Paper 3:Advanced Auditing and Professional Ethics

Paper 4:Corporate and Allied Laws

Paper 4: Corporate and Economic Laws

Group–II

Group–II

Paper 5:Advanced Management Accounting

Paper 5: Strategic Cost Management and Performance Evaluation

Paper 6:Information Systems Control And Audit

Nil. Since there is no corresponding paper in the New Course.

Paper 7:Direct Tax Laws

Paper 7: Direct Tax Laws & International Taxation

Paper 8:Indirect Tax Laws

Paper 8: Indirect Tax Laws

 

 Group-wise:

 

Groups passed under the CA Final Old Scheme

Groups to be passed under the CA Final New Scheme

Students who have passed Group I

To pass Group-II and complete AICITSS 

Students who have passed Group–II

To pass Group I and complete AICITSS

I, hope this explanation has cleared all your remaining doubts about exemption if still you have any questions do comment down on the box below.

 

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