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.
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.
|
Exemption granted in papers of IPCC exam |
Exemption granted in papers of CA Inter exam |
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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 |
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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 |
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Group I- Paper 4: Taxation |
Group I- Paper 4: Taxation Section A: Income Tax Law Section B: Indirect Taxes |
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Group II- Paper 5: Advanced Accounting |
Group II- Paper 5: Advanced Accounting |
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Group II- Paper 6: Auditing and Assurance |
Group II- Paper 6: Auditing and Assurance |
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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:
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Group Passed in IPCC |
Group to be Passed in CA Inter |
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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. |
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:
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Papers granted exemption under the CA Final Old Scheme |
Papers to be granted exemption under the CA Final New Scheme |
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Group–I |
Group–I |
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Paper 1:Financial Reporting |
Paper 1:Financial Reporting |
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Paper 2:Strategic Financial Management |
Paper 2:Strategic Financial Management |
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Paper 3:Advanced Auditing and Professional Ethics |
Paper 3:Advanced Auditing and Professional Ethics |
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Paper 4:Corporate and Allied Laws |
Paper 4: Corporate and Economic Laws |
|
Group–II |
Group–II |
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Paper 5:Advanced Management Accounting |
Paper 5: Strategic Cost Management and Performance Evaluation |
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Paper 6:Information Systems Control And Audit |
Nil. Since there is no corresponding paper in the New Course. |
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Paper 7:Direct Tax Laws |
Paper 7: Direct Tax Laws & International Taxation |
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Paper 8:Indirect Tax Laws |
Paper 8: Indirect Tax Laws |
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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.