NEW DELHI: The Institute of Chartered Accountants of India (ICAI) has issued guidelines for CA Final May 2025 candidates concerning permanent exemptions in papers.
Candidates who secured the exemption in May 2023 examination and had a validity until November 2024 examination will now have the option to make the exemption permanent after declaration of the November 2024 results.
Major takeaways from the guidelines
- Candidates will get only one chance to make exemption permanent and for the candidates failing to do, exemption will lapse forever.
- If a candidate has exemption in two papers of the same group, for example, papers 1 and 2 of Group-1 that are offered in this window, then, he/she need 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.
- When 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.
- There will be no correction or late fee window after the inputs are taken.
- Candidates will have the option to surrender and re-appear in the permanently exempted paper(s).
- Candidates securing exemption in Paper-4 of Final in May 2022, November 2022, May 2023 or November 2023 exams will automatically get permanent exemption from appearing in Self-Paced Module SET-A and need not apply.
- Candidates securing exemption in Paper-5 of Final in May 2022, November 2022, May 2023 or November 2023 exams will automatically get Permanent exemption from appearing in Self-Paced Module SET-B and need not apply.
- If there is a Permanent Exemption (50PE) in a group, then, no new exemption will be granted in that group.
- If a candidate wishes to make the exemption permanent 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.
For the detailed notification, click here.
For any clarification on the guidelines, candidates can send mail to final.exemption@icai.in
Meanwhile, ICAI announced the results of Chartered Accountancy (CA) Intermediate and Foundation course for January 2025 examinations on March 4.
ALSO READ: ICAI CA Intermediate And Foundation Courses January 2025 Exam Results Declared
The overall pass percentage of ICAI CA Foundation January 2025 exam is 21.52% whereas for ICAI CA Intermediate January 2025 exam, it is 22.16%.